Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 1 ice cream cone?
A) $0.50 B) $3.50 C) $9.00 D) $13.50
B
Economics
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Which of the following is NOT an assumption of monopolistic competition?
a. Each firm's output is slightly different from other firms in the industry. b. There are many firms in the industry. c. Production occurs with increasing returns to scale technology. d. Each firm faces a perfectly elastic demand curve.
Economics
Which type of businesses earns the majority of revenues in the United States?
A) partnerships B) corporations C) sole proprietorships D) none of these
Economics