There are fewer than half as many publishers of college textbooks in the United States now as a generation ago. Three companies alone account for almost two-thirds of the sale of new textbooks
This market situation characterized by very few sellers is known as A) an oligopoly.
B) perfect competition.
C) pure monopoly.
D) monopolistic competition.
A
Economics
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Banks have a maturity mismatch since
A) they borrow long term, but lend short term. B) they borrow short term, but lend long term. C) some of their loans are short term while others are long term. D) some of their borrowings are short term while others are long term.
Economics
A dictator is most likely to
A) adopt a Rawlsian social welfare function. B) maximize her own utility. C) place equal weight on everyone's utility function. D) have nontransitive preferences.
Economics