Which of the following is the closest to being a perfectly competitive firm?
a. a hot dog vendor in New York
b. Microsoft Corporation
c. Ford Motor Company
d. the campus bookstore
e. a public university
A
You might also like to view...
If cats become a more popular pet in the United States than dogs, what can we expect to happen to the market for cat food workers?
a. MP increases. b. MRP increases. c. MP decreases. d. MRP decreases. e. Wage decreases.
In official government statistics, the GDP deflator is actually calculated using:
A. a method called a chain-weighted index. B. the ratio of nominal GDP to real GDP from the year before it. C. a simpler approach, so the results are easily comparable. D. the value of a market basket that households typically purchase.
The _______________ supports the contention that there are non-competing groups in the labor market.
A. living wage B. dual labor market theory C. backward-bending labor supply curve D. marginal revenue product
Welfare banks are
A. illegal. B. check-cashing stores. C. credit unions operated by local welfare departments. D. bank branches located in poor neighborhoods.