When a market consists of many small firms, it:
A. cannot be a monopoly.
B. must be a perfectly competitive market.
C. cannot be a monopolistically competitive market.
D. can only be an oligopoly.
A. cannot be a monopoly.
You might also like to view...
________ are guarantees of quality issued directly by either the manufacturer or the seller
A) Patents B) Trademarks C) Warranties D) Copyrights
Consumption spending is $5 million, planned investment spending is $8 million, actual investment spending is $8 million, government purchases are $10 million, and net export spending is $2 million
Based on this information, which of the following is true? A) Aggregate expenditure is greater than GDP. B) Aggregate expenditure is equal to GDP. C) There was an unplanned change in inventories. D) Aggregate expenditure is less than GDP.
If the annual interest rate is 0%, the net present value of receiving $550 in the next year is:
a. $550 b. $551. c. $549 d. $500
Deflation:
a. was prevalent during the oil shocks of the 1970s. b. will cause consumers' purchasing power to shrink. c. has been persistent in the U.S. economy since the Great Depression. d. none of these.