A market dominated by a few large sellers who sell identical or differentiated products is called

Refer to the above figure. A price control has been set which has led to a surplus. This means that a

A) price ceiling has been set at P1. B) price floor has been set at P1. C) price ceiling has been set at P2. D) price floor has been set at P2.

In using the Internal Rate of Return approach, one must first calculate the discount rate on the investment that makes

A) the net present value equal zero. B) the interest rate equal zero. C) the interest rate equal the discount rate. D) the first year's return positive.