When asset prices rise above their fundamental economic values, a(n) ________ occurs

If the marginal productivity of labor is constant for all levels of output, then the average productivity of labor

A) is constant. B) equals the marginal productivity of labor. C) Both A and B above. D) Either A or B above but not both.

A bilateral monopoly means

A) that a monopsonistic employer bargains with two unions. B) that a monopsonistic employer bargains with both an industrial and a craft union. C) that a monopsonistic employer bargains with a monopoly. D) that an industrial union bargains with a two-firm oligopoly.