The market structure in which there is interdependence among firms is
A) monopolistic competition.
B) oligopoly.
C) perfect competition.
D) monopoly.
B
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Wichita is building a convention center and financing it with revenues raised from a city hotel tax. Local politicians assert that the convention center is essentially free for Wichita residents because out-of-town visitors are paying for it
Someone who is practicing the economic way of thinking would disagree because A) the hotel tax may lead to a decline in visits to Wichita. B) they believe that Wichita does not need a new convention center. C) the hotel tax may reduce commercial property values in the area. D) there are other projects that could be undertaken with the tax funds. E) the convention center may not pass a marginal cost-benefit test.
A perfectly elastic demand curve is represented by a vertical line
a. True b. False Indicate whether the statement is true or false
U.S. corporate stock is distributed fairly equally among U.S. stockholders
Indicate whether the statement is true or false
A company's credit risk can be high even if it is solvent and well-capitalized, if there is:
a. Actually, it is impossible for a solvent, well-capitalized company to have a high credit risk. b. Insufficient cash earnings and/or insufficient access to the credit markets. c. High expected inflation. d. Political and central bank instability in the nation(s) where it operates. e. A high real, risk-free interest rate.