18. 19. 20. 21. 22. A Cournot oligopolist pursues the only goal of prot maximisation. Select a correct answer to the question. 0 YES 0 NO The monopoly equilibrium is characterized by the equality of marginal costs and prices. Select a correct answer to the question. 0 YES 0 NO The substitution effect in Hicks decomposition does not change the utility of a consumer. Select a correct answer to the question. 0 YES 0 N0 lfa demand is very elastic, an increase in raw material prices will negligibly change the nal price of the product. Select a correct answer to the question. 0 YES 0 N0 One of the monopolistic features in a monopolistic market structure is the ownership of a unique input Select a correct answer to the question. 0 YES 0 N0