Which of the following is closest to a perfectly competitive market?
A) the computer software market
B) the market for handmade guitars
C) the market for broccoli
D) the market for athletic shoes
Answer: C
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Economic rent is a payment for a factor of production that elicits an increase in the quantity supplied.
Answer the following statement true (T) or false (F)
In an increasing-cost industry, expansion of output
A) causes input prices to rise as demand for them grows. B) leaves input prices constant as input demand grows. C) causes economies of scale to occur. D) occurs under conditions of increasing returns to scale. E) occurs without diminishing marginal product.
A 30-year Treasury bond as a face value of $1,000, price of $1,200 with a $50 coupon payment. Assume the price of this bond decreases to $1,100 over the next year. The one-year holding period return is equal to:
A. -3.79%. B. -4.17%. C. -9.17%. D. -8.33%.
Firms in all types of market structures pay attention to current rival firms' behavior
Indicate whether the statement is true or false