According to the information presented in the text the parcel and express delivery industry could best be characterized as:
A) a perfectly competitive market.
B) a monopolistically competitive market.
C) an oligopoly.
D) a monopoly.
C
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A country that joins an exchange rate area
A) gives up its ability to use the exchange rate for the purpose of stabilizing output and employment. B) does not give up its ability to use the exchange rate and monetary policy for the purpose of stabilizing output and employment. C) gives up its ability to use the exchange rate and monetary policy for the purpose of stabilizing output and employment. D) gives up its ability to use only monetary policy for the purpose of stabilizing output and employment. E) does not gives up its ability to use only monetary policy for the purpose of stabilizing output and employment.
Which of the following is most likely to be the subject of informational advertising?
A) a search good B) a credible good C) an experience good D) an inexperience good