What characteristic of a perfectly competitive firm that causes it to be a price taker?
A. many buyers and sellers
B. homogeneous product
C. free entry and exit
D. Both many buyers and sellers and homogeneous product are correct.
Answer: D
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According to Robert Solow, the production function should be written as
A) Y = F(K, L, A). B) Y = F(K, L). C) Y = F(A, L). D) Y = F(K, A).
Labor force participation rates tend to
A. be unrelated to education level for both men and women. B. be unrelated to education level for men but to increase with education level for women. C. decrease with education level for men but to increase with education level for women. D. decrease with education level for both men and women. E. increase with education level for both men and women.
What is a pollution haven, and is there evidence that pollution havens exist?
What will be an ideal response?
Distinguish between two kinds of asymmetric information
What will be an ideal response?