Daryl's Inc has formed a cartel with the two other firms in its industry. In which of the following market structures does Daryl's operate?
A) monopolistic competition
B) oligopoly
C) perfect competition
D) monopoly
E) legally protected monopoly
B
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Refer to Table 2-2. Assume Nadia's Neckware only produces ascots and bowties. A combination of 24 ascots and 12 bowties would appear
A) along Nadia's production possibilities frontier. B) inside Nadia's production possibilities frontier. C) outside Nadia's production possibilities frontier. D) at the horizontal intercept of Nadia's production possibilities frontier.
Which of the following families is statistically the most likely to live below the poverty threshold?
(A) A two-parent family of Hispanic origin living in the inner city. (B) A two-parent white family living in a rural area. (C) A black family headed by a single mother living in the inner city. (D) A black family headed by a single mother living in the suburbs.