The difference in land prices between Washington, D.C., and Tulsa, Oklahoma, is an example of a permanent resource price differential
a. True
b. False
A
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A cartel behaves like
A) a monopolistic competitive firm. B) a perfectly competitive firm. C) a monopolist. D) an oligopolistic firm.
A price taking firm is able to sell its product just slightly above the current market price.
Answer the following statement true (T) or false (F)
In the basic competitive model of labor markets, it is assumed that
A. individuals are identical in training and skills but not all jobs are identical. B. not all individuals are identical in training and skills but all jobs are identical. C. individuals are not identical in training and skills and jobs are not identical. D. individuals are identical in training and skills and all jobs are identical.
According to the efficient markets hypothesis, what changes the price of a share of a corporation's stock? Make up an example