Which of the following market structures have market power?

The marginal product of labor equals the change in ________ from a one-unit increase in the quantity of labor

A) total product B) average product C) total cost D) the slope of the average product curve E) the wage rate

Financial deregulation and innovation since the late 1970s has made spending, especially new housing, ________ sensitive to changes in the market interest rate, leading to a ________ IS curve

A) more, steeper B) more, flatter C) less, steeper D) less, flatter