The form of competition in which there are many sellers and they each have a similar product is referred to as ________.
A. monopolistic competition
B. an oligopoly
C. singular competition
D. pure competition
E. a monopoly
Answer: D
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The bonds at a premium has the effect of
A) raising the effective interest rate above the stated interest rate. B) attracting investors that are willing to pay a lower rate of interest than on similar bonds. C) causing the total cost of borrowing to be higher than the bond interest paid. D) causing the total cost of borrowing to be lower than the bond interest paid.
Which of the following is the most accurate description of a company's market share?
A) the number of shares divided by the share price B) competitors' profit compared to the company's profit C) company sales compared to total sales within the relevant industry D) the market capitalization compared to outstanding shares