The employment-to-population ratio is defined as
A) total employment divided by labor hours then multiplied by 100.
B) the labor force divided by the working-age population then multiplied by 100.
C) total employment divided by the labor force then multiplied by 100.
D) total employment divided by the working-age population then multiplied by 100.
D
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Refer to Table 14-2. For each firm, is there a better outcome than the current situation in which each firm charges the low price and earns a profit of $7,000?
A) Yes, the firms can implicitly collude and agree to charge a higher price. B) Yes, each firm can implicitly agree to increase output and not to deviate from a low price. C) No, there is no incentive for each firm to consider any other strategy. D) No, any other strategy hurts consumers.
Government intervention always reduces monopoly deadweight loss
a. True b. False Indicate whether the statement is true or false