The two types of market structures that are imperfectly competitive are:
A. perfect competition and monopolistic competition.
B. monopolistic competition and oligopoly.
C. oligopoly and monopoly.
D. monopoly and perfect competition.
B. monopolistic competition and oligopoly.
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Using the seasonal business cycle as your guide, during which quarter would you be most likely to expect an increase in your corporation's sales?
A) The first quarter of the year (January-March) B) The second quarter of the year (April-June) C) The third quarter of the year (July-September) D) The fourth quarter of the year (October-December)
A perfectly competitive firm may, under some circumstances, be able to affect the market price
a. True b. False Indicate whether the statement is true or false
Which of the following variables can be used to measure labor productivity?
A. number of workers B. number of labor hours C. real GDP D. all of these
Which of the following often involves positive external benefits?
A) water pollution B) drunken driving C) inoculation programs D) tobacco smoking