There are fifteen airlines that will take you from New York to L.A. The best model to analyze this market is
A. monopoly.
B. monopolistic competition.
C. oligopoly.
D. perfect competition.
Answer: B
You might also like to view...
Using present value to calculate stock prices is ________ than using present value to calculate bond prices because ________
A) less accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not B) more accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not C) less accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not D) more accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not
The structural deficit does not depend on the state of the economy.
Answer the following statement true (T) or false (F)
How does the existence of the fringe alter the price and output in an oligopoly market?
Which of the following statements most likely lies within the realm of macroeconomics? a. An increase in the price of automobiles will lead to a decrease in the quantity of automobiles demanded
b. Due to process innovations in computer chip manufacturing, the market supply of computers increased. c. Due to an economic recession, manufacturing firms began implementing layoffs of their workforces. d. Anticipating that the benefits would outweigh costs involved, an undergraduate student purchases the course textbook.