Standardized products can appear:
A. in perfectly competitive and oligopoly markets.
B. in perfectly competitive and monopolistically competitive markets.
C. only in perfectly competitive markets.
D. in monopolistically competitive and oligopoly markets.
Answer: A
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Which of the following is most likely to cause a rightward shift in the demand curve for dollars in exchange of the Chinese yuan?
A) An increase in the demand for Chinese products in the U.S. B) An increase in the demand for U.S. products in China C) A decrease in the demand for Chinese products in the U.S. D) A decrease in the demand for U.S. products in China
Give 4 examples of situations that would cause the DD-curve to shift to the left
What will be an ideal response?
Briefly list and discuss in turn the three limitations of the Pareto criteria
What will be an ideal response?
Between points "b" and "c" in the above figure, the opportunity cost of 250 more bushels of corn is
A) 200 yards of cloth. B) 250 yards of cloth. C) 600 yards of cloth. D) 800 yards of cloth.