During the 1990s, Canada had an average inflation rate of 1.5 percent while Columbia had an average inflation rate of 21.5 percent. You would expect that nominal interest rates in Canada are
A) unpredictably different from nominal interest rates in Columbia.
B) greater than nominal interest rates in Columbia.
C) less than nominal interest rates in Columbia.
D) not comparable to nominal interest rates in Columbia.
E) equal to nominal interest rates in Columbia.
C
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Suppose one firm accounts for 55 percent of the global market share for a product, while 147 other firms account for the remaining 45 percent of the market
With such a large number of buyers and sellers, is this market likely to be competitive? Explain your answer.
Monopolies in successive markets result in
A) a double markup for consumers. B) more output than if the input market is competitive. C) a lower output price than if the input market is competitive. D) All of the above.