单项选择题

In the dominant firm model of oligopoly, it is least likely that one firm:（）

A. is the innovation leader in product development.
B. has a significant cost advantage over its competitors.
C. produces a relatively large share of the industry’s production.

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单项选择题

The decision whether to add capital equipment to the production process should be based on:（）

A. future value, using the cost of financial capital as a benchmark.
B. present value, using the marginal revenue product of capital as a benchmark.
C. present value, using the cost of financial capital as a benchmark.

单项选择题

BLD Inc. produces pure bottled water. The industry has experienced rapid growth as fitness conscious consumers demand these types of products. The growth has attracted many competitors to the industry. However, marketing campaigns to differentiate their products have proven unsuccessful. The main cost to producers is the filtering system that is required to purify the water. The demand for the filtering systems, as a result of industry growth, has led to a reduction in the cost of the systems. Indicate whether the pure bottled water market is best described as a price searcher or price taker and state whether the long-run supply curve is downward-or upward-slopping. Pure bottled water maker Long run supply curve（）①A. Price searcher Downward-sloping ②B. Price taker Downward-sloping ③C. Price searcher Upward-sloping

A. ①
B. ②
C. ③