The demand for massage therapists declined in the spring of 2016, but the starting wages paid to massage therapists was still the same at the end of 2016. This is an example of a
A. highly regulated market.
B. price control.
C. sticky price.
D. flexible price.
Answer: C
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If there are only three firms in an industry with 50 percent, 40 percent, and 10 percent of the market, respectively, the Herfindahl Index is
a. 40 b. 100 c. 200 d. 33 e. 4,200
The demand for lumber is particularly derived from the demand for
a. housing b. carpenters c. lawn services d. farmland e. dollhouses
Good management always seeks to add value
Indicate whether the statement is true or false
Refer to the information provided in Table 2.1 below to answer the following question(s). Table 2.1?KrystalMarkWriting Poems812Writing TV Commercials24Refer to Table 2.1. For Krystal, the opportunity cost of writing one TV commercial is
A. 1/4 of a poem. B. 2 poems. C. 4 poems. D. 6 poems.