2. Are you going to fail
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3. One characteristic of an oligopoly
market structure is:
O A. firms in the industry have some
degree of market power.
O B. firms in the industry are typically
characterized by very diverse product
lines.
O C. the actions of one seller have no
impact on the profitability of other sellers.
O D. products typically sell at a price that
reflects their marginal cost of production.
4. Theoretically, service capacity must exceed demand, lest
queues become infinitely long. If capacity does not
exceed demand, what is likely to happen?
O A. All of these
O B. Servers will eliminate time-consuming
portions of their jobs, thereby increasing
capacity.
O C. Customers will renege or balk,
thereby reducing demand.
O D. Servers will decrease time spent per
customer, thereby increasing capacity.
5. Ready for 398 More?
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O PS. This final exam presentation was
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Academic year