A firm in an oligopoly is similar to a monopoly in that both firms rev: 05_15_2018 Multiple Choice do not need to advertise. face very inelastic demand for their products. could have significant market power and control over price. do not face competition from others.

Which of the following is not one of the four principles of bottleneck management? a. increasing capacity at non-bottleneck stations is a mirageb. lost time at the bottleneck is lost system capacity.c. release work orders to the system at the bottleneck's capacity pace.d. increased bottleneck capacity is increased system capacity.e. bottlenecks should be moved to the end of the system process.

Acorn farm, a coal mine, and a fishing company are all part of the industry. a. manufacturing b. service c. extractive d. retailing

The country of bienmundo does not trade with any other country. its gdp is $30 billion. its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. private saving in bienmundo amounts to $5 billion. what are consumption and investment in bienmundo? a. $17 billion and $8 billion, respectively. b. $19 billion and $6 billion, respectively. c. $19 billion and $8 billion, respectively. d. $17 billion and $6 billion, respectively.