Which of the following examples would most likely happen with monopolistic competition?
a. When an ice cream shop introduces coffee ice cream, a nearby ice cream shop remains unaware of this.
b. When a bowling alley offers $1,000 for a perfect game, another bowling alley offers $2,000 for a perfect game.
c. When a coffee shop introduces pumpkin lattes, another coffee shop introduces cranberry lattes.
d. When a restaurant offers free coffee refills, a nearby restaurant does the same.
a. When an ice cream shop introduces coffee ice cream, a nearby ice cream shop remains unaware of this.
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When people prefer to obtain medical, or legal services from white males, although they charge high prices for their services, it is termed as:
a. producer prejudice. b. employer prejudice. c. worker prejudice. d. occupational segregation. e. consumer prejudice.
American unemployment was lower than most European nations in the last decade because
A. the U.S. experienced a booming economy throughout the 1990s while European economies were stagnant. B. in Europe there is no longer much of a stigma attached with being unemployed. C. unemployment benefits are much more generous in Europe than in the U.S. D. All of the choices are correct.