The Smaller the Share of the Fringe Firms in an Oligopoly

question 38

True/False

The smaller the share of the fringe firms in an oligopoly market, the smaller will be the profit earned by the dominant firm.

---

Definitions:

Long-term Potentiation

A long-lasting enhancement in signal transmission between two neurons that results from stimulating them synchronously; widely considered one of the major cellular mechanisms that underlies learning and memory.

Neuron Level

Refers to the analysis or understanding of the nervous system at the scale of individual neurons, their functions, and interactions.

Priming

The exposure to one stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.

Episodic Memory

a type of long-term memory that involves the recollection of specific events, situations, and experiences.