Paul and Maggie advertise for a babysitter. Jenny is the only one who answers the ad and she's hired. She asks for $7 per hour and gets it. She occasionally thinks of raising the rate to $10 but is afraid that Paul and Maggie will decide to advertise again. This tale is analogous to
a. monopolistic competitive pricing
b. the idea of nationalization
c. contestable markets
d. laissez-faire
e. creative destruction
C
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In the above figure, if the firm increases its output from Q2 to Q3, it will
A) reduce its marginal revenue. B) increase its marginal revenue. C) decrease its profit. D) increase its profit.
The firm's demand curve and the industry's demand curve are identical in the _________ market structure(s)
a. monopoly b. oligopoly c. monopolistic competition d. perfect competition e. perfect competition and monopolistic
Which of the following goals are part of the monetary "trilemma"?
a. predictable exchange rates, free movement of capital, and autonomous monetary policy b. rising exchange rates, free movement of capital, and nationalist monetary policy c. predictable exchange rates, autonomous monetary policy, and protectionist trade policy d. protectionist trade policy, free movement of capital, and rising exchange rates
Based on the graph showing the type of health insurance and coverage status in the United States in 2016, about ______ percent have some type of government insurance.
a. 9
b. 38
c. 79
d. 90