A market is not a pure monopoly if firms
a. can enter it freely.
b. sell unique products.
c. can exit the market freely.
d. require government permission to sell in the market.
a
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When one firm assumes others in the market will follow its price setting behavior, this is referred to as
a. the kinked demand model b. the godfather model c. oligopoly d. the cartel model e. monopolistic competition
The repurchase agreement market was an important ingredient of the Great Recession because:
a. It is the market on which mortgages are repurchased, and, due to the Great Recession, this market dried up. b. It is the market on which many companies finance their daily working capital needs and, due to the Great Recession, this market dried up. c. Many repurchase agreements were with subprime mortgages, and few investors would purchase them. d. All of the above.
Decisions regarding purchases and sales of government securities by the Fed are made by the:
a. Discount Committee (DC). b. Federal Open Market Committee (FOMC). c. Federal Funds Committee (FFC). d. Federal Deposit Insurance Commission (FDIC).
Choose the letter of the diagram in Figure 36.2 that represents the shift in the foreign exchange market for dollars given the following situation, ceteris paribus: A sudden, unexpected surge in inflation in the United States causes reduced purchases of U.S. goods by foreigners.
A. a. B. b. C. c. D. d.