A market situation in which there are a few large firms is called
A) monopolistic competition.
B) imperfect competition.
C) oligopoly.
D) monopoly.
C
Economics
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Use the following diagrams for the U.S. economy to answer the next question.
Which of the diagrams best portrays stagflation?
A. Graph A B. Graph B C. Graph C D. Graph D
Economics
If regulations create barriers to entry in an industry, the result can be _____
a. efficiency b. monopoly c. monopsony d. higher output
Economics
A primary function of a central bank is to
A) regulate dividend payments by corporations. B) control the bond market. C) set monetary policy. D) publish statistics on banking and related financial matters.
Economics
Which of the following has the greatest difference between short-run and long-run price elasticities of demand?
a. automobiles
b. jewelry
c. movies
d. salt
Economics