A man may be preferred to a woman by an employer who will make a substantial investment in the training of the employee because
a. most employers are sexist and think that women belong in the home caring for children.
b. as a group women tend to have a weaker attachment to the labor force than men.
c. employers have observed that women are less productive than men on most jobs.
d. employers are afraid women will disrupt the workplace by distracting the male employees.
b
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Refer to the figure below. 
If Row Resorts keeps its rates high, then Column Cruises would receive the highest payoff if it:
A. offered reduced rates. B. kept its rates high. C. chose either strategy because it will have the same payoff in either case. D. agreed with Row Resorts to reduce their rates at exactly the same time.
A doctor sets up a private practice in small town where he faces no other competitors. In spite of his monopoly position why is he not guaranteed to make a profit?
What will be an ideal response?
If firms in an industry are generating knowledge that other firms can use without paying for it, this industry is characterized by
A) social costs that exceed private costs. B) social benefits that exceed private benefits. C) social costs that exceed social benefits. D) private benefits that exceed social benefits. E) social benefits that undermine private benefits.
Oligopoly differs from monopolistic competition in that an oligopoly includes
A) product differentiation. B) barriers to entry. C) no barriers to entry. D) downward-sloping demand curves facing the firm.