In which of the following market structures is there clear-cut mutual interdependence with respect to price-output policies?

A. Pure monopoly.
B. Oligopoly.
C. Monopolistic competition.
D. Pure competition.

Answer: B

Economics

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Refer to the scenario above. Which of the following statements will be true?

A) Economy A's steady state equilibrium will lie to the right and below economy B's steady state equilibrium. B) Economy A's steady state equilibrium will lie to the right and above economy B's steady state equilibrium. C) Economy A's steady state equilibrium will lie to the left and below economy B's steady state equilibrium. D) Economy A's steady state equilibrium will lie to the left and above economy B's steady state equilibrium.

Economics

Autoworkers negotiate a wage increase. How does this change affect the supply curve of? cars?

A) It shifts the supply curve leftward. B) It shifts the supply curve rightward. C) It does not shift the supply curve or create a movement along it. D) The supply curve will shift but there is not enough information to tell if the change shifts the supply curve rightward, leftward, or not at all. E) It creates a movement downward along the supply curve.

Economics