As the number of firms in an oligopoly industry increases, the market moves closer to a __________ market
Fill in the blank(s) with correct word
competitive
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Using year-by-year data from 1987-2007 shows that
A) there is a strong positive relation between average Latin American money-supply growth and inflation. B) there is a strong negative relation between average Latin American money-supply growth and inflation. C) there is a strong positive relation between average Latin American money-supply growth and deflation. D) it is difficult to find a strong positive relation between average Latin American money-supply growth and inflation. E) there is a weak positive relation between average Latin American money-supply growth and inflation.
Refer to above figure. Given a tariff of $3 per unit, what is the country's consumer surplus?
What will be an ideal response?