When buying a car from a dealership, to get the best bargain
a. Allow the dealership to make the first offer
b. Keep a cushion of bargaining space in the quoted price
c. Make a take it or leave it offer
d. All of the above
c
Economics
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The term monopolistic competition
a. is an alternate expression for monopoly b. is used to describe perfect competition with strong entry barriers c. denotes an industry with one seller of many differentiated products d. denotes an industry with many sellers of homogeneous products e. denotes an industry with many sellers of differentiated products
Economics
Which of the following would an economist classify as capital?
a. 100 shares of Microsoft stock. b. $50 bill. c. credit card. d. lawyer's personal computer.
Economics