When Managers in Oligopolistic Firms Make Decisions That Affect Output

question 262

Multiple Choice

When managers in oligopolistic firms make decisions that affect output or price, they must

• A) also be sure they erect barriers to entry to prevent new entrants from affecting their plans.
• B) anticipate the reactions of their rivals and plan accordingly.
• C) register with the Antitrust Division of the Department of Justice.
• D) inform the regulators of their industry about their plans.

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Definitions:

Bank Service Charge

Fees charged by banks for the use of their services, such as account maintenance fees, non-sufficient funds (NSF) fees, and transaction fees.

Adjusting Journal Entries

Entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

NSF Check

A check that cannot be processed due to insufficient funds in the account of the drawer, commonly known as a bounced check.

Bank Service Charge

Fees charged by a bank for the maintenance of account services and other banking transactions.