The market for medical care relies primarily on:

A firm that is the only seller of a product and is in sole control of a market has a

A) monopoly. B) quantity regulations. C) subsidy. D) public good.

Developing countries are usually unwilling to negotiate over labor standards because

A) the WTO always tends to rule in favor of industrialized nations. B) they fear that industrialized nations are trying to undermine their comparative advantage—production of agriculture and textiles/apparel—and close the markets of high-income countries in these areas. C) they fear that they may be unable to compete without some protection of their industries. D) organized labor would not allow them to negotiate with other countries.