If Best LED controls 87 percent of the LED light bulb market and the remaining 13 percent includes many other, smaller competing firms, Best LED is a ________ firm and the remaining firms are ________.
A) competitive fringe; dominant
B) dominant; competitive fringe
C) monopoly; dominant firm
D) monopoly; competitive fringe
B) dominant; competitive fringe
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________ occurs when individuals within a small subunit of a population mate more with each other than with individuals from any other subunit.
A. Inbreeding B. Assortative mating C. Genetic drift D. Outbreeding
Which of the following nonverbal communication cues indicate subordination?
a. Direct eye contact b. Erect posture c. A raised head d. Smiling
Non-Western medicine does not maintain a sharp distinction between biological and psychological illnesses.
Answer the following statement true (T) or false (F)
A perfectly competitive firm is producing 1,100 units, which is their profit-maximizing output level. The market price for their good is $4 and the firm's average total cost to produce the 1,100 units is $4 Which of the following is true?
A) The firm is earning an economic profit. B) The firm is earning a competitive return. C) The firm is incurring an economic loss. D) The firm should increase its production.