In an oligopoly market with a dominant firm and a competitive fringe, if market demand is _____, the market price will be low and the _____ profit will be small
a. less elastic; fringe's
b. less elastic; dominant firm's
c. more elastic; fringe's
d. more elastic; dominant firm's
D
Economics
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Based on the table above, the CPI for 2014 is
A) 105.1. B) 98.5. C) 5.0 percent. D) 100. E) 102.5.
Economics
In the figure above, D0 is the demand for labor curve. Imposing a minimum wage of $3 per hour will
A) have no effect on the market. B) result in unemployment. C) result in a labor shortage. D) immediately shift the demand curve to D1.
Economics