What did the president mean when he said he had to face “very difficult choices” when creating a federal budget? a) deciding which country to borrow from to finance spending b) deciding what would be funded and what would be cut c) deciding how to keep interest rates low on the national debt d) deciding how much to increase tax rates

Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition