When large oligopolistic firms negotiate with the unions of their employees, the resulting bargaining process closely resembles
A. perfect competition.
B. a dual labor market.
C. monopolistic competition.
D. bilateral monopoly.
Answer: D
You might also like to view...
The long run effects of money supply change
A) ambiguous effect on the long-run values of the interest rate or real output, a proportional change in the price level's long-run value in the opposite direction. B) proportional effect on the long-run values of the interest rate or real output, a proportional change in the price level's long-run value in the same direction. C) no effect on the long-run values of the interest rate or real output, a proportional change in the price level's long-run value in the same direction. D) no effect on the long-run values of the interest rate or real output, no change in the price level's long-run value. E) ambiguous effect on the long-run values of the interest rate or real output, A disproportional change in the price level's long-run value in the same direction.
If a firm operating in a competitive industry shuts down in the short run, it can avoid paying
a. fixed costs. b. variable costs. c. total costs. d. The firm must pay all its costs, even if it shuts down.
If the firm has no competitors, the marginal revenue curve is
A. downward sloping. B. vertical. C. flat (horizontal). D. upward sloping.
Which of the following appears in M2 but not in M1?
A. Savings accounts. B. Credit union share drafts. C. NOW and ATS accounts. D. Traveler's checks.