Only economists and other “social” scientists have areas of dispute within their disciplines.
Answer the following statement true (T) or false (F)
False
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Firms in an oligopoly market tend to be ____ and have ____ barriers to entry
a. large (relative to the total market); high. b. large (relative to the total market); low. c. small (relative to the total market); high. d. small (relative to the total market); low.
Minimum wages are:
A. not very controversial. B. only enforceable at the federal level. C. a form of government interference in the free market. D. always needed to guarantee workers an acceptable standard of living.
The table below shows the weekly demand for hamburgers in a market where there are just three buyers.PriceQuantity Demanded by Buyer 1Quantity Demanded by Buyer 2Quantity Demanded by Buyer 3$6746597841510123211516Refer to the table. At a price of $6, the weekly quantity of hamburgers demanded in the market is
A. 23. B. 17. C. 11. D. 10.
If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $637.41 for 5 years, the internal rate of return is
A. 10%. B. 15%. C. 0%. D. 5%.