Typically, economists expect oligopolistic behavior on the part of the firms when the four-firm concentration ratio is ______ or higher
a. 10 percent
b. 25 percent
c. 40 percent
d. 60 percent
e. 90 percent
C
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Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held if there is downward wage rigidity in the market, when the demand curve shifts to LD2?
A) $50 B) $30 C) $40 D) $20
Based on the table below, at what world price would the country import the good?
Price Q Demanded Q Supplied 2 100 70 4 95 75 6 90 80 8 85 85 10 80 90 12 75 95 A) a price below $8 B) at exactly $8 C) a price above $8 D) It is impossible to say.
Online companies gather personal information about the customers who shop on their Web sites and some of those companies will use the data to estimate price elasticities of the customers
Doing this is a way that these companies might be able to charge a higher price for a product to those customers who have a ________ price elasticity of demand. A) low B) high C) negative D) unitary
In order for education to be effective as a signal of worker productivity it must be
A. easy for everyone to get a college degree. B. costly for less productive workers to imitate. C. that the employee has taken classes in economics. D. none of the above make education an effective signal.