In September 2008, Toyota Motor's share of the U.S. auto sales market was 15 percent, Ford's market share was 12.1 percent, GM's was 29.1 percent, Honda's was 10 percent, Nissan's share was 6.2 percent, and Chrysler's market share was 11.1 percent
What type of market structure would the market for autos represent? A) monopolistic competition
B) monopoly
C) oligopoly
D) markets and competitive environment
C
Economics
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For an economy starting at potential output, an increase in investment in the short run results in a(n):
A. recessionary output gap. B. increase in potential output. C. expansionary output gap. D. decrease in potential output.
Economics
In Japan, residents pay for most routine and preventive medical care
Indicate whether the statement is true or false
Economics
How does the idea of efficient markets influence the long-run market adjustment mechanism?
What will be an ideal response?
Economics
If MUx/Px > MUy/Py, the consumer can increase utility by buying less of good y, which means the MUy will rise
a. True b. False
Economics