When a domestic monopolist in a small country becomes subject to international competition, it behaves as:
a. a monopolist.
b. a duopolist.
c. an imperfect competitor.
d. a perfect competitor.
Answer: d. a perfect competitor.
Economics
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Refer to Figure 10-7. Suppose the price of Pilates sessions rises to $30 while income and the price of Yoga sessions remain unchanged. What is her new optimal bundle?
A) still remains at bundle A. B) bundle B. C) bundle C. D) bundle D.
Economics
Payroll taxes are actually regressive taxes
a. True b. False Indicate whether the statement is true or false
Economics