Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a homogeneous oligopolist in a highly concentrated industry?
A. Kellogg's.
B. Pittsburgh Plate Glass.
C. Ford Motor Company.
D. Starbucks Coffee.
Answer: B
You might also like to view...
Assume the United States televison manufacturing industry accuses the Japanese television manufacturers of dumping. Why should consumers not necessarily be worried about this practice?
What will be an ideal response?
Brazil should
A. specialize in the production of coffee and import hot dogs from Colombia.
B. specialize in the production of hot dogs and import coffee from Colombia.
C. import both coffee and hot dogs from Colombia.
D. not engage in trade with Colombia, but produce both coffee and hot dogs domestically.
If real GDP per person in a country equals $40,000 and 60 percent of the population is employed, then average labor productivity equals:
A. $60,000. B. $66,667. C. $40,000. D. $24,000.
Refer to the graph shown. The relationship represented in the figure is called a:
A. labor demand curve. B. short-run Phillips curve. C. labor supply curve. D. long-run Phillips curve.