Which of the following may transform an industry from oligopoly to monopolistic competition?
A. Acquisition
B. Exit
C. Entry
D. Takeover
Answer: C
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Which of the following is NOT a voluntary exchange?
A) Tom's car is stolen from in front of his house. B) Marie buys groceries. C) Scott pays $10,000 for tuition and fees this semester. D) Emily buys a $1,000 plane ticket to fly from New York to Dallas on short notice.
Which of the following will not cause a shift in the medical care supply curve?
a. A change in the percentage of the population with health insurance b. A change in student aid available to promising undergraduate students studying biology c. A change in the cost of medical school tuition d. A change in the number of high-profile medical malpractice lawsuits brought against physicians, increasing the premiums on malpractice insurance e. A wave of union activity that increases the average salaries of nurses nationwide
Which of the following transactions represents a credit on the financial account of the U.S. balance of payments?
A. Oil is imported from Venezuela B. United States firms pay dividends to foreigners C. United States citizens purchase foreign securities D. A Canadian firm increases its direct investment in its U.S. branch
Demand for a specific brand ______ demand for the corresponding product category.
Fill in the blank(s) with the appropriate word(s).