A monopolistically competitive industry has all of the following characteristics except
A. a large number of firms.
B. product differentiation.
C. there are no barriers to entry.
D. strategic behavior.
Answer: D
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Which type of analyst should generally outperform market index according to the Efficient Markets Hypothesis?
A) technical analysts B) fundamental analysts C) those that follow the random walk D) none of the above
While it is not certain that U.S. leadership will continue into the next generation, the nation will continue to enjoy the abundance it has enjoyed in the past
a. True b. False Indicate whether the statement is true or false
Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If twelve microwave ovens are produced, Micro Oven's average total costs are
A. $25. B. $41.67. C. $50. D. $66.67.
Suppose the wage rate in the labor market is $8 and more people entered the labor force, which of the following statements is correct?
A. If wages are sticky, the unemployment rate stays the same. B. If wages are flexible, then wages will increase. C. If wages are sticky, the unemployment rate increases. D. If wages are flexible, the unemployment rate increases.