How might an oligopolistic firm behave like a

This preview shows page 9 - 11 out of 17 pages.

16-How might an oligopolistic firm behave like a monopoly? What forces may prevent this?
9
c.Policymakers use the antitrust laws to prevent oligopolies from engaging in behavior that reducescompetition. The application of these laws can be controversial, because some behavior that can appearto reduce competition may in fact have legitimate business purposesCOMPETENCY: Macroeconomic Principles (Mankiw Chapters 29 & 34)3 pts1-What tools does the Federal Reserve have with regards to monetary control?
2-What are open market operations?
3-When the Fed buys bonds, what impact does this have on the money supply and aggregate demand?

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 17 pages?

Upload your study docs or become a

Course Hero member to access this document

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture