The definition of a job leaver is an individual
A) who terminates his job voluntarily in order to work for a family business.
B) whose employment was terminated involuntarily.
C) who competed for a promotion at his company and did not get it.
D) who is underemployed.
A
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Under conditions of oligopoly markets, firms generally don't like to compete based on price. Why? a. Because no producer has a cost advantage in doing so
b. Because consumers rarely spend time making price comparisons between different brands. c. Because competing on the basis of price can set off a price war among competitors and significantly reduce profits to the firm. d. Because price competition is illegal in most states.
Suppose the market price exceeds the typical perfectly competitive firm's short-run average total cost. What will happen to this market in the long run?
a. The market demand curve will shift to the left as firms exit. b. The market supply curve will shift to the left as firms exit. c. The market demand curve will shift to the right as firms enter. d. Both the market demand and supply curves will shift to the left as firms exit. e. The market supply curve will shift to the right as firms enter.