question archive a) In the context of an oligopoly industry, examine how price leadership may occur and give ONE (1) example of this
a) In the context of an oligopoly industry, examine how price leadership may occur and give ONE (1) example of this
Subject:EconomicsPrice: Bought3
a) In the context of an oligopoly industry, examine how price leadership may occur and give ONE (1) example of this.
b) Define the term "Automatic stabilizers." Comment on how induced taxes work to stabilize real GDP during business cycle fluctuations.
c) Explain the relationship between the business cycle and inflation.
d) What are FOUR (4) other characteristics a firm must have in order to be considered a perfectly competitive firm?
