Pollution is an example of a source of a market failure.
Answer the following statement true (T) or false (F)
True
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The decline of the full-service wholesale houses CANNOT be traced to
a. competition from the marketing departments of large manufacturers. b. many industries adopting the "continuous process" manufacturing. c. the rise of brand identity. d. All of the above are correct. e. Only a and c are correct.
Using the information in the table shown, what is the 2009 value of the salary listed in 1979?
A. $127,828
B. $14,643
C. $57,824
D. $504,766
Convergence theory suggests that when less developed countries begin to develop, they typically have higher growth rates as they catch up with more developed nations.
Answer the following statement true (T) or false (F)
A monopolist faces a demand curve that
A. is below the marginal revenue curve. B. is downward sloping. C. coincides with the industry supply. D. is perfectly horizontal at the market price.