Which of the following is a government-inhibited good?
A. whisky
B. public education
C. soft drink
D. cocaine
Answer: D
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The key difference between oligopoly and other market structures is the interdependence among producers
a. True b. False Indicate whether the statement is true or false
A matrix form is more likely to be found in organizations which:
a. produce one product and operate in a single market. b. produce many products and operate in a single market. c. produce one product and operate in multiple markets. d. produce many products and operate in multiple markets.
The major difference between partnerships and proprietorships is
a. the limit to liability b. the opportunity to sell shares c. the reduced cost of capital d. shared responsibility and profit e. tax advantages
A good with a high income elasticity is generally considered to be
a. an inferior good. b. a luxury good. c. a necessity. d. inexpensive, relative to other goods.