An industry having a four-firm concentration ratio of 30 percent
a. is monopolistically competitive
b. approximates pure competition.
c. is a pure monopoly.
d. is an oligopoly.
Ans: a. is monopolistically competitive
You might also like to view...
The ___________ Act has been depicted as anti-labor, and pro-employer.
Fill in the blank(s) with the appropriate word(s).
Which of the following is true?
A. Frictional unemployment implies a lack of available jobs. B. During a recession, cyclical unemployment will be low. C. When an economy is at full employment, actual unemployment will be less than the natural rate of unemployment. D. When actual GDP equals potential GDP, the actual unemployment rate will equal the economy's natural rate of unemployment.
Suppose the rest of the world experiences a recession that causes a reduction in foreign income (Y*). From the domestic economy's perspective, this reduction in foreign income will cause which of the following as the domestic economy adjusts to the drop in Y*?
A) a reduction in income and a reduction in imports B) a reduction in imports and an increase in net exports C) the NX line to shift up D) an ambiguous effect on net exports
The amount that must be paid to an individual to get them to invest in the industry is
A. reinvestment. B. financial capital. C. the explicit costs. D. a normal rate of return.