Which of the following is the best example of an oligopolistic? industry?

Tax loopholes are equally available to all taxpayers.

Answer the following statement true (T) or false (F)

Refer to the information provided in Figure 8.9 below to answer the question(s) that follow.  Figure 8.9  Refer to Figure 8.9. If this farmer is producing the profit-maximizing level of output, her total revenue is

A. $0. B. $8,400. C. $12,000. D. $16,800.

You want to buy a TV that regularly costs $250. You can either buy the TV from a nearby store or from a store that's downtown. Relative to going to the nearby store, driving downtown involves additional time and gas. The downtown store, however, has a 10% off sale this week. Last week you drove downtown to save $20 on some concert tickets, a 15% savings. Should you drive downtown to buy the TV?

A. Yes, because you will save more than $20. B. Yes, because you will save 10%, which is better than nothing. C. No, because you will only save 10%, which is less than 15%. D. No, because you will save more than $20.

Based on the data in the table, this Application addresses the economic concept of

A) the real-nominal principle. B) the principle of diminishing returns. C) the principle of voluntary exchange. D) the marginal principle.