A seller in a competitive market can
a. sell all he wants at the going price, so he has little reason to charge less.
b. influence the market price by adjusting his output.
c. influence the profits earned by competing firms by adjusting his output.
d. All of the above are correct.
a
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Suppose that the capital stock initially is 1000, the depreciation rate is 0.06, and net growth of the capital stock is 120. This makes investment equal to
A) 180. B) 60. C) 127.2. D) 112.8
Which of the following is not a country or region most likely to be among industrial market countries?
a. Western Europe b. North American c. Australia d. South Asia e. Japan
Antitrust activity is not a good example of using the "power of the purse" to control administrative activities in support of political ideology
Indicate whether the statement is true or false
Hilda's Hair Hysteria earned $3,750 in total revenue last month when it sold 125 haircuts. This month it earned $3,600 in total revenue when it sold 90 haircuts. The price elasticity of demand for Hilda's Hair Hysteria is
a. 0.33. b. 0.88. c. 1.14. d. 7.98.