The Paris Agreement on Climate Change of 2015 was signed by
A. only nations in Asia.
B. nearly 200 nations.
C. all nations in the world.
D. only the United States and the European Union.
Answer: B
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In the market for batteries, the three largest firms earn 90% of the total revenue and there are 35 firms in the industry. This industry is best described as
A) oligopoly. B) monopoly. C) monopolistic competition. D) perfect competition.
Markets with hit-and-run entry and exit experience
A) barriers to entry. B) firms entering whenever they can make a profit and exiting when they cannot make a profit. C) steady long-run economic profit. D) a very steady number of firms.
More and more firms use ____ to determine prices
A) market research. B) competitive comparisons. C) internet auctions. D) games.
The practice of firms temporarily reducing prices in order to eliminate competition is called:
A. competitive pricing. B. predatory pricing. C. discount pricing. D. strategic pricing.