The table above shows a nation's production possibilities frontier. If the nation chooses to increase the production of robots from 2 to 3 and it is on its PPF, it will have to forgo ________ pizzas

In Figure 3-6 above, income and planned expenditure are equal at

A) point J. B) point K. C) point L. D) all of the above.

An oligopsony exists if

A. Only one firm accounts for most of the industry's employment. B. There is no buyer concentration in the labor market. C. Only a few firms produce most of the industry's output. D. Only a few firms account for most of the industry's employment.