The more firms an oligopoly has,
a. the more likely it is to earn monopoly profits.
b. the higher the price of the product.
c. the farther the equilibrium quantity will be from the socially efficient quantity.
d. the more likely the firms will charge a price close to the perfectly competitive price.
d
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Money market mutual funds sell shares to investors and use the money to buy
A) overseas assets through foreign direct investment. B) short-term securities. C) foreign currency. D) mortgage-backed securities.
Given the same marginal revenue product (MRP) and supply curves, the equilibrium quantity of labor employed in a monopsonistic labor market will be:
a. equal to that in a competitive labor market. b. less than that in a competitive labor market. c. greater than that in a competitive labor market. d. there is insufficient information for a conclusion.
If the Fed buys bonds in the open market, the money supply decreases
a. True b. False Indicate whether the statement is true or false
In which section of the United States are "right-to-work" laws most prominent?
A. The Northeast B. The West coast C. The South D. The Midwest