Which of the following firms is likely to have the highest market power?

A) A perfectly competitive firm
B) A monopolistic competitor
C) A monopoly
D) An oligopoly with homogeneous products

C

Economics

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Which statement most accurately describes the effect financial technology has had on the demand for money in the United States?

A) Advances in financial technology have all increased the demand for money. B) Some advances in financial technology have increased the demand for money while others have decreased it. C) It is not possible to tell what would be the effect because financial technology has not changed over the past three decades. D) Advances in financial technology have all decreased the demand for money. E) Advances in financial technology have had no effect on the demand for money.

Economics

Suppose India and France have the same PPF, shown in the figure above. Based on their current production points, India's most likely future PPF is ________, and France's most likely future PPF is ________

A) PPF1; PPF2 B) PPF2; PPF2 C) PPF1; PPF1 D) PPF2; PPF1 E) PPF0; PPF0

Economics