A duopoly is an industry with:
A. one firm.
B. two firms.
C. many firms that sell slightly differentiated products.
D. many firms that sell identical products.
Answer: B
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Small-denomination time deposits refer to certificates of deposit with a denomination of less than
A) $1,000. B) $10,000. C) $100,000. D) $1,000,000.
A revaluation of the exchange rate is a policy action that
A) increases the real exchange rate. B) decreases the real exchange rate. C) increases the nominal exchange rate. D) decreases the nominal exchange rate.
Recall the Application about allegations that the makers of branded drugs made deals with generic drug makers once the patents expired on branded drugs to answer the following question(s).Recall the Application. When a patent ends and generic drugs are introduced, there is:
A. downward pressure on the price of the patent version of the drug. B. upward pressure on the price of the patent version of the drug. C. no pressure on the price of the patent version of the drug. D. no demand for the patent version of the drug.
Doctors have ________ incentive to control their costs when consumers ________ for a visit to the doctor's office
A) more; only pay a deductible B) less; only pay a deductible C) less; pay entirely out of pocket D) more; have a third-party payer that pays