The key feature of ________ is that firms act strategically.
A. perfect competition
B. an oligopoly
C. a monopoly
D. a natural monopoly
Answer: B
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Increases in net investment generally result in
A) higher levels of capital stock and lower levels of depreciation. B) lower levels of capital stock and higher levels of depreciation. C) lower levels of capital stock and lower levels of depreciation. D) higher levels of capital stock and higher levels of depreciation.
What two groups of decision makers are represented in the basic circular flow model?
A) governments and financial institutions B) lenders and borrowers C) wholesalers and retailers D) bankers and regulators E) households and firms
When a monopolistically competitive firm breaks even in the long run, this is equivalent to earning a zero accounting profit
Indicate whether the statement is true or false
Unemployment insurance benefits are uniform throughout the U.S
Indicate whether the statement is true or false