Under which of the following market structures would consumers likely receive the most product variety?
a. perfect competition
b. monopolistic competition
c. oligopoly
d. monopoly
Answer: b. monopolistic competition
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Positive correlation between x and y implies that
A) when x is high, y is high. B) when x is high, y is low. C) when x is zero, y is positive. D) x and y are positively unrelated.
Environmental CSR that is undertaken to reduce negative externalities might be
A) altruistic. B) strategic. C) undertaken because of Internet-based scrutiny. D) All of the above.
A rise in demand for restaurant meals is likely to cause which of the following in the long run?
a. economic losses for each restaurant b. a lower price for each restaurant meal c. fewer restaurants in the industry d. more restaurants in the industry e. economic profit for restaurants
Liberals tend to favor increasing taxes as the method of counteracting inflation
a. True b. False Indicate whether the statement is true or false