In which of the following industries are the firms price-takers?
a. monopoly
b. monopolistically competitive
c. monopoly and monopolistically competitive
d. perfectly competitive
e. perfectly competitive and monopolistically competitive
D
Economics
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"As the price of gasoline increases, fewer people buy cars that are gas guzzlers." A graph showing this relationship would have
A) a negative slope. B) a positive relationship. C) a direct relationship. D) a horizontal line.
Economics
Suppose you want to open a T-shirt shop. Which of the following would be most helpful in deciding how to price your T-shirts?
(A) Market demand schedule (B) Demand curve (C) Market demand curve (D) Demand schedule
Economics