One example of labor-market discrimination is that firms may be less likely to interview job-market candidates whose names suggest that they are members of a racial minority
a. True
b. False
Indicate whether the statement is true or false
True
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If a monopoly's Lerner Index exceeds 1, then
A) it is earning maximum profit. B) it has ultimate market power. C) it must be pricing below marginal cost. D) marginal revenue is negative.
A person who is willing to bear more risk will buy
A) common stock. B) preferred stock. C) bonds. D) government bonds.
Which of the following types of wages is set by the labor market, assuming no interference from external sources?
a. equilibrium wage b. efficiency wage c. minimum wage d. union wage
Long-run equilibrium for a monopolistically competitive firm where economic profits are zero results from:
A. rising marginal costs. B. a perfectly elastic product demand curve. C. relatively easy entry. D. product differentiation and development.