Firms in monopolistic competition make products that are
A) perfect complements.
B) close but not perfect complements.
C) perfect substitutes.
D) close but not perfect substitutes.
D
Economics
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As the percentage of the labor force belonging to a union fell in the United States during the 1955 through early 2000 period, the share of national income going to labor
a. increased 10 percent. b. remained approximately the same. c. decreased 10 percent. d. decreased 20 percent.
Economics
If a firm decides to produce no output in the short run, its costs will be:
A. its marginal costs. B. its variable costs. C. its fixed costs. D. zero.
Economics