<< Chapter < Page Chapter >> Page >
  • Card 9 / 19:
    What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits?

    The course author didn't provide an answer for this question

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card // Return / Space

Questions & Answers

Meaning of Economics
Kamara Reply
It can be define as the practical science that studies human relationship between End's and scare means which have alternative uses in all aspect of human life
Kosiso
what is economics
Malak Reply
Economics is a social science which deals with humans behavior
Dumbuya
Explain two reasons why trade union membership may decline in a country
Pop Reply
analyse the factors that influence the strength of a trade union.
Pop
discuss whether or not trade unions benefit workers
Pop
nice questions guys
Kun
what is demand
ALALE Reply
what's the difference between elastic and inelastic
ALALE
The desire to purchase goods and services at a particular price
Dumbuya
Elastic: demand is price sensitive. Inelastic: demand is not price sensitive.
Ernest
what is equilibrium of a consumer
Kennedy Reply
is when marginal utility is equal to zero or entering negative.
Richard
what is international trade
joshua Reply
is the exchange of goods and services between two or more countries.
Richard
What is ceteris peribus
Kelvin Reply
Simply put, All things being equal
Mary
make all things being equal
ALALE
Things been equalized.. According to the definition
Kosiso
put all things equal
Dumbuya
What is the important of Economic
Parnda Reply
what is demand
Coded Reply
Demand is the various quantities of goods and services that consumers are willing and able to buy at a particular time over a given period of time
Kennedy
what is the rationality assumption?
Sadeya
what is a clearing house
barry Reply
so can we conclude that mircoeconomics is a under marcoeconomics
Florence Reply
l don't understand that part please teach me
gideon
microeconomics and Marco economic are not the same.one have to do with part of the economy and the other have to do with the entire economy
jackie
so how can we conclude microeconomics and macroeconomic in our stadies
Noah
please explain
Mathias
Am confuse can you please explain
Belinda
Pls Explain more
Parnda
what is monopoly
Pop Reply
is market situation in which an individual or group of person acting as a unit control supply of a good which has no close substitute
gideon
what is the role that the government can play
Caroline Reply
what is a subsidy
Caroline
subsidy is government help to producers that reduces cost of production .
Pop
subsidy is government help to producers that reduces cost pf production
Pop
money is anything money can buy discuss
Patrick Reply
what is equilibrium price
Bismark Reply
when demand price and supply price are equal
Asit
what is equilibrium
Ashiq
When supply and demand are equal in one point is equilibrium
learn
equilibrium of price is that price at which the quantity of goods demanded is equal to the quantity supplied
Samuel

Get the best Principles of economics course in your pocket!





Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Principles of economics' conversation and receive update notifications?

Ask