Refer to the scenario above. Based on the given information, we can conclude that the market for used cell phones in Barylia:
A) has asymmetric information.
B) is perfectly competitive.
C) is monopolistically competitive.
D) has only one seller.
A
You might also like to view...
When the demand for money becomes less responsive to changes in income, the LM curve becomes ________ and it also shifts to the ________
A) flatter, left B) flatter, right C) steeper, left D) steeper, right
Which of the following shocks is most likely to cause an expansion?
a. Defense spending falls b. Defense spending rises c. Defense spending rises and then falls d. Oil prices surge upward e. Oil prices rise slowly
All of the following illustrate how government can correct for positive externalities EXCEPT
A. regulation. B. government financing and production. C. charging effluent fees. D. subsidies.
The health care of low-income children, their parents, and individuals with disabilities is covered (though not always completely) through
A. Medicaid. B. employer health insurance plans. C. Medicare. D. Social Security.