In which market model is there mutual interdependence?

A. Monopolistic competition.
B. Pure competition.
C. Oligopoly.
D. Pure monopoly.

Answer: C

Economics

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A college professor berates his political science students for being uninformed on current political and government issues. For example, most of them do not know who represents them in the U.S. House of Representatives. He tells his students that they will never get very far in life by staying so uninformed and uninterested. The professor is probably overlooking the fact that

A) people are uninformed and uninterested in only some things-not all things. B) his students could be choosing rational ignorance. C) by not taking out time to find out certain things, his students have more time to study for his tests. D) a, b, and c E) none of the above

Economics

Consider the following ratio: the average annual inflation rate/the average annual money growth rate. If a country's rate of money growth consistently exceeds the rate of inflation the ratio would be:

A. less than one. B. exactly one. C. that is infinite. D. greater than one.

Economics