The own price elasticity of Anne's apple pies is 5 . If the aggregate market for apple pies has an own price elasticity of 1.25, Anne's apple pies has an approximate market share of

Suppose there are only three alternatives to attending a "free" social event: read a novel (you value this at $10), go to work (you could earn $20), or watch videos with some friends (you value this at $25). The opportunity cost of attending the social event is

A) $10. B) $20. C) $25. D) $45. E) $55

One of the most famous cartels is OPEC

a. True b. False Indicate whether the statement is true or false