For which of the following market structures will the firm's demand curve be tangent to the ATC curve in the long run?
A. Oligopoly.
B. Monopolistic competition.
C. Monopoly.
D. Duopoly.
Answer: B
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When some benefits are received by those who are not involved in a private transaction, a negative externality occurs
a. True b. False Indicate whether the statement is true or false
If labor supply increases, the wage rate increases
a. True b. False
The price of a stock will decrease, ceteris paribus, for all of the following reasons except
A. The demand for the stock decreases. B. The supply of the stock increases. C. Consumer confidence increases. D. There is a surplus of the stock at the current price.
The determinants of labor demand include:
A. supply of other factors and output prices. B. culture and other opportunities. C. culture and population. D. culture and technology.