If you want to earn a high income you should figure out what others value because

The federal government receives most of its revenue from personal income taxes and payroll taxes

a. True b. False Indicate whether the statement is true or false

The Chamberlin model has been criticized for all but which one of the following reasons?

A. The model adds little to the perfect competition conclusions. B. The concept of an industry group is ambiguous in the model. C. The model predicts no long-run profits but does not account for entry and exit in markets. D. Consumers are not as willing to switch from one product another for slight price changes.