If you got a new job and moved to Terre Haute, Indiana (population 60,000), you would expect to find ten grocery stores (two Walmart Supercenters, three Krogers, a Meijer, two IGA affiliates, and two independent grocery stores). The market form is
A. oligopoly.
B. monopoly.
C. perfect competition.
D. monopolistic competition.
Answer: D
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If the demand for baseball cards rises and the supply curve does not shift, then the price
a. will rise and quantity will fall b. and quantity will rise c. will fall and quantity will rise d. and quantity will fall e. will rise, but quantity may rise or fall
When the economy moves from point D to E in Table 0201A, the opportunity cost of the computer in terms of televisions is A) 3. B) 4. C) 2. D) 5.
Imperfect competition results in inefficiency but greater equity than pure competition.
Answer the following statement true (T) or false (F)
Most international investment finance today comes from
A) portfolio and foreign direct investment. B) tax collections. C) government financing. D) the sale of antiques.