Refer to the diagram for a noncollusive oligopolist. Suppose that the firm is initially in equilibrium at point E, where the equilibrium price and quantity are P and Q. If the firm's rivals will ignore any price increase but match any price reduction, then the firm's demand curve will be (moving from left to right):

A short-term debt instrument issued by well-known corporations is called

A) commercial paper. B) corporate bonds. C) municipal bonds. D) commercial mortgages.

An industrial union is

A) a union composed of public employees. B) a union composed of workers who are in a specific geographic area. C) a union composed of workers who are employed in a particular industry. D) a union composed of workers who engage in a particular trade or skill.