In which of the following market structures is there clear-cut mutual interdependence with respect to price-output policies?
A. Pure monopoly.
B. Oligopoly.
C. Monopolistic competition.
D. Pure competition.
Answer: B
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Which of the following factors would economists consider "key" to economic development?
A) policies that promote consumption expenditures by households B) establishing a system of property rights C) expansionary monetary policy D) All of the above are correct.
In the United States, income taxes are ________
A) regressive B) progressive C) proportional D) marginal
Suppose First National Bank has $200 million of assets and $20 million of equity capital
If First National has a 2% return on assets (ROA), what is its return on equity (ROE)? Suppose First National's equity capital declines to $10 million, while its assets and ROA are unchanged. What is First National's ROE now?
An indication that Insurance companies anticipate adverse selection is
a. they require a deductible b. they do not classify clients into different risk types according to their claim history c. they do not classify clients into different risk types according to pre-existing conditions d. they do not require a co-payment