Three established firms—Cobb, Urban, and Sing—are in business in the United States. Which of the following events suggests that an oligopoly exists in their industry?
a. Two new competitors enter the industry after Urban raises its output.
b. Cobb and Urban suffer a sales loss after Sing lowers its prices.
c. Cobb make its business plan without paying attention to Urban or Sing.
d. Sing suffers a sales loss after Cobb raises its prices.
b. Cobb and Urban suffer a sales loss after Sing lowers its prices.
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The federal budget
A) is required to balance by law. B) can have a surplus but not a deficit. C) can have a deficit but not a surplus. D) can have a deficit or a surplus but cannot be balanced. E) can have a deficit, a surplus, or a balance.
As a percentage of nonfarm workers, union membership in the United States grew most rapidly since 1945
a. True b. False Indicate whether the statement is true or false
A decrease in the tariff on foreign-produced automobiles would be most likely to harm
a. steel producers, who supply steel to the domestic automobile industry. b. foreign producers of automobiles. c. importers of automobiles. d. domestic distributors of foreign automobiles.
Self-interest is not necessarily selfish, some say. In fact, self-interest likely includes an individual’s consideration for Group of answer choices
A. A strangers. B. C close friends and family. C. B humankind as a whole.