Which of the following firms is most likely to have market power?

a. a grocery store in a metropolitan area
b. a convenience store in a suburb
c. a pub in a college town
d. the only gasoline station in a rural area


d

Economics

You might also like to view...

Holding constant risk and the real returns available abroad, lower domestic real interest rates ________ capital inflows, ________ capital outflows, and ________ net capital inflows.

A. decrease; increase; decrease B. increase; increase; decrease C. increase; decrease; increase D. increase; increase; increase

Economics

In the above figure, the budget line would rotate in the direction indicated as a result of a

A) rise in the price of a book. B) fall in the price of a book. C) rise in the price of a movie. D) decrease in income.

Economics

If the incomes of New Englanders increased and they demanded more tobacco, then tobacco would be:

a. a normal good. b. an inferior good. c. a substitute good. d. a complementary good.

Economics

Price leadership is not ______ collusion but ______ collusion.

a. tacit; outright b. predatory; vertical c. outright; tacit d. competitive; tying

Economics