Which of the following questions would not be of particular interest to a microeconomist?

a. Why do national economies grow?
b. What percentage of consumer income is spent on entertainment?
c. Why do workers prefer the 4-day workweek?
d. What happens to worker productivity when the job shifts to a 4-day workweek?
e. How is the electric industry harmed by the passage of new clean air legislation?

A

Economics

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An oligopoly model that describes formal collusion is the

a. kinked demand curve model b. cartel model c. cost-plus pricing model d. game theory model e. horizontal merger model

Economics

Private goods are nonexclusive goods

Indicate whether the statement is true or false

Economics