In an unbalanced oligopoly
a. only two firms make up the oligopoly
b. the sales of the leading firms are distributed unevenly
c. the sales of the leading firms are distributed evenly
d. the sales of the 4 leading firms is less than 50 percent
e. the market share of the 4 leading firms equals 100 percent
B
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The short-run Phillips curve shows the combinations of
a. unemployment and inflation that arise in the short run as aggregate demand shifts the economy along the short-run aggregate supply curve. b. unemployment and inflation that arise in the short run as short-run aggregate supply shifts the economy along the aggregate demand curve. c. real GDP and the price level that arise in the short run as short-run aggregate supply shifts the economy along the aggregate demand curve. d. None of the above is correct.
Recall the Application about the price competition between satellite and cable TV services to answer the following question(s).Recall the Application. The introduction of satellite TV service is a form of:
A. price gouging. B. profiteering. C. market entry. D. All of these.
All the following actions represent fiscal policy EXCEPT
A. a reduction in individual income tax rates. B. an increase in corporate income tax rates. C. a decrease in government spending. D. an increase in the money supply.
In the above figure, the optimal level of pollution cleanup is
A. Q1. B. Q2. C. Q3. D. Q4.