The table above shows sales of the firms in the chocolate industry. What type of market is this?
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly
C
Economics
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A characteristic of a public good is that a public good is provided
A) to some businesses, but not to others. B) only in some states. C) to low income residents in some states. D) to many individuals at no additional cost.
Economics
Which of the following is a reason behind Wal-Mart's success?
a. Absence of unionization and encouragement of merit-based promotions. b. Complete control over the market price. c. Presence of regional managers in the field rather than at headquarters. d. Centralized control and inspection over the functioning of store managers.
Economics