One of the most famous cartels is OPEC
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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A firm selling in a price-takers' market
A) can reduce its price without thereby lowering its marginal revenue. B) can reduce its price without thereby lowering its total revenue. C) faces a perfectly elastic demand curve. D) has marginal costs equal to marginal revenue at all levels of output.
Economics
What two factors are the keys to determining labor productivity?
A) technology and the quantity of capital per hour worked B) the growth rate of real GDP and the interest rate C) the average level of education of the workforce and the price level D) the business cycle and the growth rate of real GDP
Economics