In most larger cities where there are several grocery stores, the market form is
A. perfect competition.
B. monopoly.
C. oligopoly.
D. monopolistic competition.
Answer: D
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Which of the following is a common argument against allowing a foreign firm to operate a business in a developing country?
a. The foreign firm may gain control over national resources. b. Foreign productive expertise may outdistance domestic labor skills. c. The foreign firm may reduce domestic competition. d. Technology may be transferred from industrial countries to the developing countries. e. The foreign firm may reduce dependency on domestic imports.
Capital deepening occurs when
a. consumption and immigration increase b. capital-labor ratio increases c. employment increases d. saving increases and investment decreases e. the number of workers increases and investment decreases
What is one reason existing firms might lobby the government to increase regulation in their industry?
A) It increases entry and exit costs, thereby reducing producer surplus to existing firms. B) It increases entry and exit costs, thereby potentially increasing producer surplus to existing firms. C) It increases entry and exit costs, but has no impact on producer surplus. D) Firms cannot be trusted to treat their customers fairly and ethically.
The most important factor in the demise of the debt peonage in the post-Civil War South was:
a. the impact of the boll weevil. b. improved roads. c. the automobile. d. increased urbanization and industrialization.