To conduct a randomized experiment, researchers usually classify the participants into a:
A) study group and a control group.
B) treatment group and a test group.
C) study group and a treatment group.
D) treatment group and a control group.
D
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Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000 - 200P, where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard. The Cournot model describes the competition in this market. What is total output in the Nash equilibrium?
A. 4,000 B. 2,666.66 C. 1,600 D. 8,000
The table in the above figure shows the levels of output resulting from different levels of inputs. Returns to scale are greatest at which level of output?
A) 100-200 units B) 200-400 units C) 400-600 units D) There is insufficient information to answer the question.
A group of firms that act in unison to maximize collective profits is called a
a. monopolistically competitive industry. b. monopoly. c. cartel. d. Nash equilibrium market.
Which of the following will most likely happen if there is a surplus of money?
a. Fewer people will invest in treasury bills. b. Fewer people will exchange money for CDs. c. More people will transfer money from high interest saving accounts to checking accounts. d. More people will exchange money for bonds.