Oligopolists

question 5

Multiple Choice

Oligopolists

• A)produce unrelated products.
• B)make decisions based on others' actions.
• C)have no reason to cooperate with each other.
• D)cannot affect each other
• E)produce homogeneous products.

Perform break-even analysis on investments after experiencing gains and losses.

Understand how to calculate income yield from an investment.

Understand how to calculate capital gain yield from an investment.

Understand how to calculate the total rate of return from an investment.

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Definitions:

Marginal Productivity

The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.

Fixity

In economics, refers to the inelasticity or immobility of certain factors, like land or capital, which can limit responsiveness to changes in market conditions.

Long Run

A period of time sufficient for all adjustments to be made in an economy or market, considering all possible changes in production.

Average Costs

The total cost of production divided by the number of units produced, used to determine the average expense per unit.