Compared to perfect competition, in oligopoly:
a. price is normally lower.
b. profits are normally lower.
c. both price and profits are normally higher.
d. firms act more independently.
c
Economics
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When people expect that the future exchange rate will be lower, they ________ the supply of dollars and the current exchange rate ________
A) decrease; rises B) decrease; falls C) increase; falls D) increase; rises E) do not change; rises
Economics
When aggregate expenditures fall below the full-employment level of output, which of the following types of unemployment is most likely to increase?
A. Seasonal. B. Structural. C. Cyclical. D. Frictional.
Economics