Which of the following market structures is considered imperfectly competitive?
A. Monopolistic competition
B. Perfect competition
C. Monopoly
D. All of these are considered imperfectly competitive.
Answer: A
Economics
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How many people are employed if the labor force participation rate is 60%, there are 3 million people unemployed, and there are 30 million people not in the labor force?
A) 54 million B) 48 million C) 42 million D) 30 million
Economics
An isoquant represents levels of capital and labor that
A) have constant marginal productivity. B) yield the same level of output. C) incur the same total cost. D) All of the above.
Economics