A market structure in which the decisions of individual buyers and sellers have no effect on market price is
A. oligopoly.
B. perfect competition.
C. monopoly.
D. monopolistic competition.
Answer: B
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Place the four statements in the appropriate category, indicating what factors tend to raise labor productivity and what factors tend to lower it.
Which statement is true?
A. Middle-aged Americans have been saving at a higher rate than in the past. B. Home equity loans have been a source of funds to finance consumer spending. C. The Japanese savings rate is nearly twice the American saving rate. D. None of these statements are true.
Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist?
A) 14 B) 19 C) 25 D) 30
Refer to Figure 18.2. The sale of bonds by the Fed in the open market will result in
A. An increase in the money supply and a move from AS1 to AS2. B. A decrease in the money supply and a move from AD2 to AD1. C. An increase in the money supply and a move from AD1 to AD2. D. A decrease in the money supply and a move from AS2 to AS1.