A market situation in which there are a few large firms is called
A. oligopoly.
B. monopoly.
C. imperfect competition.
D. monopolistic competition.
Answer: A
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The quantity of loanable funds supplied increases if the real interest rate rises, all other things remaining the same, because the
A) real interest rate is the opportunity cost of saving. B) real interest rate is inversely related to the cost of buying on credit. C) real interest rate is the opportunity cost of consumption. D) cost of living is determined by the real interest rate. E) demand for investment increases when the real interest rate rises.
Refer to Figure 9-3. With a quota in place, what is the quantity consumed in the domestic market?
A) 10 million pounds B) 28 million pounds C) 34 million pounds D) 40 million pounds
Carol is a coal miner who just got laid off when the last coal mine in the area was shut down. She has looked everywhere for another job as a miner, but cannot find one. Given that Carol is unlikely to find another job as a miner, she would be considered:
A. frictionally unemployed. B. structurally unemployed. C. real-wage unemployed. D. Carol is a discouraged worker.
Define “earmarks” and give an example
Please provide the best answer for the statement.