The price elasticity of supply of tomatoes on the market day is zero
Indicate whether the statement is true or false
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To analyze policy options, economists are forced to deal with
A. ordinary citizens. B. elected officials. C. rotating statistical values. D. events that have not occurred.
The aggregate demand curve indicates the relationship between:
a. the real wage rate and the quality of resources demanded by producers of goods and services. b. the interest rate and the amount of loanable funds demanded by borrowers. c. the natural rate of unemployment and the demand for goods and services when the economy is in long-run equilibrium. d. the general price level and the aggregate quantity of goods and services demanded.
Why do most large firms incorporate rather than operate as sole proprietorships or partnerships?
Which of the following statements is most accurate about the Internet and tech companies?
A. The markets they operate in are monopolistically competitive. B. Firms that dominate one market will use large profits from that industry to put competitive pressure on rivals in other markets. C. The most dominant firms in each market only hold about 30 percent of the market share. D. Collusion among firms means that each industry is fully monopolized.