In which of these continuums of degrees of competition (highest to lowest) is oligopoly properly placed?
A. Pure competition, oligopoly, pure monopoly, monopolistic competition.
B. Oligopoly, pure competition, monopolistic competition, pure monopoly.
C. Monopolistic competition, pure competition, pure monopoly, oligopoly.
D. Pure competition, monopolistic competition, oligopoly, pure monopoly.
Answer: D
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Nancy is considering forming a 5 year business partnership with Claudia. Nancy believes her portion of the partnership will generate the following profits:
Year Profits Present Value 1 $2,000 2 $4,000 3 $12,000 4 $15,000 5 $18,000 Nancy's appropriate discount rate is 6%. To join the partnership, Nancy needs to invest $30,000. Does the partnership offer a rate of return in excess of 6%?
Monopolistic competition and perfect competition are similar in that each market structure is characterized by
A) advertising. B) production at minimum average cost in the long run. C) a horizontal demand curve. D) the absence of long-run economic profits.
Public finance is the subdiscipline of economics that studies the various ways in which
A. governments may regulate and promote the stability of the financial sector. B. firms in the financial sector provide services to households and firms. C. governments raise and expend money. D. the general public acquires financing for their purchases.
A bank initially has $190 million in assets and $150 million in liabilities. The banks net worth (capital) is _____________ million. If the bank's assets increase by 10% and its liabilities do not change, its capital increases by ____________
A) $340; 10% B) $40; 47.5% C) $40; 10% D) $40; 32.2%