The type of industry organization that is characterized by recognized interdependence and non price competition among firms is called
a. advertising strategy.
b. market structure.
c. price discrimination.
d. oligopoly.
Answer: d. oligopoly.
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The benefit from an additional unit of a good or service that the consumer of that good or service receives is the
A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.
If average incomes of a nation don't rise over time:
A. improvements in health are impossible. B. improvements in health are still possible. C. improvements in health are still very likely. D. it will have no impact on the nation's ability to improve health.
An effective program used to fight transient poverty is:
A. health insurance. B. job training. C. unemployment insurance. D. All of these are effective at fighting transient poverty.
Costs that are borne solely by the individuals who incur them are called
A. social costs. B. implicit costs. C. private costs. D. public costs.