Two firms make most of the consumer alkaline batteries in the country: Duracell and Energizer. The market for batteries is most likely
A) a monopoly.
B) an oligopoly.
C) perfectly competitive.
D) monopolistically competitive.
B
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All else equal, an increase in the government's budget deficit accompanied by a decrease in corporate taxes would definitely result in
A) an increase in the equilibrium real interest rate. B) a decrease in the equilibrium real interest rate. C) an increase in the equilibrium level of saving and investment. D) a decrease in the equilibrium level of saving and investment.
If production in the economy is efficient, then changes in market prices
A. Move us to a point above the production possibilities curve. B. Move us from a point below the production possibilities curve to a point on the production possibilities curve. C. Have no effect on our position on the production possibilities curve. D. Move us along the edge of the production possibilities curve.