A good example of monopolistic competition is
A. brain surgeons.
B. airlines serving a small city.
C. defense contractors.
D. neighborhood restaurants.
Answer: D
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The pollution charge
a. is the most commonly used market-based instrument internationally b. is sometimes implemented as an effluent charge to protect water resources c. can be used to control noise pollution d. all of the above e. none of the above
Firms that engage in first-degree price discrimination charge different prices to customers ________.
A. depending on the quantity of the good or service they buy B. depending on a defining characteristic that makes it easy to distinguish groups of people C. based on the elasticity of the group of people D. based on their willingness and ability to pay for the good or service
The health care system in ________ is referred to as socialized medicine, under which the government owns most of the hospitals and employs most of the doctors
A) Canada B) Japan C) the United Kingdom D) the United States
What is the economic problem? How does a command economy solve the economic problem?
What will be an ideal response?