A wholesale flower market is an example of ________
A) perfect competition
B) monopolistic competition
C) monopoly
D) oligopoly
A
You might also like to view...
Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $20, what is Giuseppe's profit-maximizing output?
A) 2 pizzas per hour B) 3 pizzas per hour C) 4 pizzas per hour D) 0 pizzas per hour
All of the following are true of the labor-supply and labor-demand curves intersection except they:
A. only intersect once. B. intersect at the revenue-maximizing quantity for the firms in the market. C. intersect at the equilibrium wage. D. intersect at the profit-maximizing quantity for the firms in the market.
If the United States is to reduce poverty by using a negative income tax, the guaranteed income should be
A. two times the tax rate. B. close to the poverty line. C. close to the median income of all families. D. above the poverty line.
What is the smallest form of a bit coin called?
A. Satoshi B. Excell C. Nakamoto D. coinage