Which statement is false?
A. Cigarettes, motor vehicles, and pipelines are industries with high concentration ratios.
B. Oligopolized industries have higher concentration ratios than monopolistic competitors.
C. The Electric Machinery Conspiracy case involved covert collusion.
D. None of these statements are false.
D. None of these statements are false.
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If a buyer enjoys a consumer surplus of $25 when he purchases a good for $50, his willingness to pay for the good is ________
A) $2 B) $25 C) $50 D) $75
The existence of labor unions could contribute to real-wage rigidity, except that in the United States
A) labor unions are outlawed. B) most workers aren't in unions. C) unions are interested in benefits, not wages. D) unions try to increase employment rather than negotiating over wages.