In which of the following market structures with 2 identical firms do both firms produce more than the Cournot outcome?
A) Stackelberg Oligopoly
B) Cartel
C) Perfect Competition
D) None of the above.
C
Economics
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The marginal cost of hiring the 4th worker is
a. $40 b. $100 c. $20 d. $0
Economics
Changing the basis of taxation from income earned to amount spent will
a. necessarily reduce tax revenues. b. lower effective interest rates on savings. c. distort incentives to earn income. d. eliminate disincentives to save.
Economics
Define monopsony
Economics
Refer to the information provided in Table 22.5 below to answer the question(s) that follow.
Table 22.5
Refer to Table 22.5. Suppose 2015 is the base year. The price index in 2014 is
A. 94.2. B. 97.4. C. 106.1. D. 123.0.
Economics