Monopsonistic competition
a. exists when there are many buyers offering differentiated conditions for sellers.
b. is very prevalent in the U.S. economy.
c. exists when a great number of firms hire labor, offering a variety of working conditions and fringe benefits.
d. All of the above.
d. All of the above.
Economics
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What are some of the common arguments against free trade?
What will be an ideal response?
Economics
When deflation occurs
A) the nominal interest rate is greater than the real interest rate. B) the nominal interest rate is equal to the real interest rate and inflation is negative. C) the real interest rate is greater than the nominal interest rate. D) the nominal interest rate is equal to the real interest rate and inflation is positive.
Economics