Under which of the following market structures would consumers likely receive the most product variety?

a. perfect competition
b. monopolistic competition
c. oligopoly
d. monopoly

Answer: b. monopolistic competition

Economics

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When a union bargains successfully with employers, in that industry,

a. both the quantity of labor supplied and the quantity of labor demanded increase. b. both the quantity of labor supplied and the quantity of labor demanded decrease. c. the quantity of labor supplied increases and the quantity of labor demanded decreases. d. the quantity of labor demanded increases and the quantity of labor supplied decreases.

Economics

Economic growth is shown by

A) a point near the top of the production possibilities curve. B) a point outside the production possibilities curve. C) an inward shift of the production possibilities curve. D) an outward shift of the production possibilities curve.

Economics