The typical firm in perfect competition is
A. a fast food restaurant chain.
B. an electrical power company.
C. a farm.
D. an airline.
Answer: C
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Recall the Application. Securitization refers to
A) the practice of purchasing loans, repackaging them, and selling them to the financial markets. B) the federal insurance received by home buyers to protect them from declining home values. C) the process used by the Federal Reserve to insure home builders against bank failures. D) the stocks and bonds used as collateral when one financial institution sells mortgages to another financial institution.
The salary of an athlete like Peyton Manning is in part a reward for his unique ability-something economists call economic rent
a. True b. False Indicate whether the statement is true or false
An increase in investment by US firms that is intended to maintain US competitiveness in world markets represents __________ in the US
a) an increase in autonomous expenditure b) a decrease in autonomous expenditure c) an increase in induced expenditure d) a decrease in induced expenditure
Labor supply can be defined as the
A. Willingness and ability of people to work specific amounts of time at alternative wage rates in a given period of time, ceteris paribus. B. Total number of people in paid employment. C. Total number of individuals who are either employed or actively seeking employment. D. Total number of people who are employable.