In 2008, a former Intel engineer has been charged with stealing trade secrets worth $1 billion. Intel owns 90 percent of the worldwide market for microprocessors, AMD has the rest. The microprocessor market is most like an example of
A) monopoly.
B) oligopoly.
C) perfect competition.
D) monopolistic competition.
B
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In assessing numerical changes, the brain appears to be naturally inclined to work in ________ terms rather than ________ terms, leading to misguided decisions.
A. absolute; relative B. relative; percentage C. percentage; absolute D. percentage; relative
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.
Using Figure 1.7, we know the production of 10 units of soda and 2 units of pizza is 
A. undesirable. B. possible, but only if all resources were fully employed. C. impossible because we either do not have the resources or the technology. D. possible, but there would be unemployed resources.
If a monopolist's price is $50 per unit and its marginal cost is $25, then
A) to maximize profit the firm should increase output. B) to maximize profit the firm should decrease output. C) to maximize profit the firm should continue to produce the output it is producing. D) Not enough information is given to say what the firm should do to maximize profit.