Refer to the below table. If there was no health insurance, the equilibrium price and quantity of health care would be:
Use the table below to answer the question. The table shows the hypothetical demand and supply schedule for health care
A. $600 and 300 units
B. $400 and 400 units
C. $500 and 400 units
D. $400 and 500 units
D. $400 and 500 units
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If an industry has a Herfindahl index of 10,000, then
A. the industry is a single firm. B. it is perfectly competitive. C. it is considered a duopoly. D. it is considered an oligopoly.
When the price of apples goes up
A) the quantity of apples demanded will decrease, ceteris paribus. B) the demand for apples will increase, ceteris paribus. C) the quantity of apples demanded will increase, ceteris paribus. D) the demand for apples will decrease, ceteris paribus.
Kevin owns a personal training gymnasium in Orlando. The above figure shows the demand and cost curves for his firm, which competes in a monopolistically competitive market. What price will Kevin charge per session?
A) $100 B) $60 C) $40 D) $20 E) $80
Examples of discount bonds include
A) U.S. Treasury bills. B) corporate bonds. C) U.S. Treasury notes. D) municipal bonds.