A firm in which market has the most market power?
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly
D
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Alchemy was the attempt to discover a process by which base metals, such as lead, could be turned into gold. If an alchemist had been successful,
A) all the lead in the world would have been added to the world's gold supply. B) all the lead in the world would have replaced the world's gold supply. C) all the lead in the world would only have been added to the world's gold supply when it was converted to gold. D) the alchemist would likely have been killed by the owners of real gold.
A ptomaine poisoning scare causes a decrease in the demand for canned tuna fish. Everything else equal, the demand curve for aluminum cans will
a. become steeper. b. become flatter. c. fall. d. rise.
According to the signaling view, education
a. has no effect on lifetime earnings. b. alters work ethic. c. enhances productivity. d. is an indicator of natural ability.
Issuing stock to pay for capital equipment when a company’s stock price is relatively low ______ than when its price is relatively high and will ______ the ownership interest of existing stockholders.
a. is less desirable; concentrate b. is more profitable; enhance c. requires issuing more shares; dilute d. raises less funds; not affect