The oligopoly model that predicts that oligopoly prices will tend to be very rigid is the ________ model
A) Cournot
B) Stackelberg
C) dominant firm
D) kinked demand
D
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Use the above table. What will the price be when external costs are internalized with a tax?
A) $14 B) $13 C) $12.20 D) $1.80
Suppose the Fed reduces the money supply in the current period with no other policy change implemented or anticipated. This policy action will cause which of the following shifts in the IS and/or LM curves in the current period?
A) IS left; LM up B) IS right; LM up C) no shift in IS; LM up D) IS left; LM down E) IS right; LM down
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point B. The opportunity cost of moving from Point B to Point A is the
A. 120 LCD TVs that must be forgone to produce 20 additional OLED TVs. B. 30 LCD TVs that must be forgone to produce 40 additional OLED TVs. C. 20 OLED TVs that must be forgone to produce 30 additional LCD TVs. D. 40 OLED TVs that must be forgone to produce 120 additional LCD TVs.
Imperfect competition
A. should always be regulated by the government B. results in less efficient market outcomes. C. is a major cause of externalities in the market. D. means there is no competition in the market.