In which industry is monopolistic competition most likely to be found?
A. Retail trade
B. Utilities
C. Agriculture
D. Automobiles
Answer: A
Economics
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All of the following are arguments in favor of restricting trade EXCEPT
A) comparative advantage. B) protecting domestic jobs. C) protecting emerging industries. D) dumping.
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A bank would be considered insolvent when the value of its liabilities exceed its
a. assets. b. required reserves. c. actual reserves. d. net worth.
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The social cost of a good or service includes the producer's private cost and all the external costs
Indicate whether the statement is true or false
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A monopolist will always enlarge its revenues by selling more output
a. True. b. False.
Economics