If there are many firms participating in a market, the market is either
a. an oligopoly or monopolistically competitive.
b. perfectly competitive or monopolistically competitive.
c. an oligopoly or perfectly competitive.
d. an oligopoly or a cartel.
b
You might also like to view...
For any import quota a country imposes, there exists a tariff the country could have imposed that will have the same impact on producers and consumers.
Answer the following statement true (T) or false (F)
Those that work part-time and do not desire full-time employment are referred to as
A. Employed. B. The phantom unemployed. C. Discouraged workers. D. Underemployed.
Suppose that domestic investment in Japan is 20.2% of GDP, and Japanese national savings is 24% of GDP. What is Japan's foreign investment as a percentage of GDP?
A) 1.19% B) 3.8% C) 27.8% D) 44.2%
As wealth decreases, which of the following is likely to account for a larger fraction of a saver's portfolio?
A) corporate stock B) corporate bonds C) U.S. government securities D) checking account balance