Firms are considered to be price searchers, as opposed to price takers, in all of the following market types except:

Suppose roses are currently selling for $30 per dozen, but the equilibrium price of roses is $20 per dozen. We would expect a

a. shortage to exist and the market price of roses to increase. b. shortage to exist and the market price of roses to decrease. c. surplus to exist and the market price of roses to increase. d. surplus to exist and the market price of roses to decrease.

Jake just quit his job as a shoe salesman and is looking for work as an accountant, which is what his college degree is in. Jake would be considered:

A. frictionally unemployed. B. structurally unemployed C. cyclically unemployed. D. Jake is not in the labor force.