Which of the following price indices comes closest to measuring the cost of living of the typical household?
A) GDP deflator
B) producer price index
C) consumer price index
D) household price index
Answer: C
Economics
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Refer to the figure above. What is the profit-maximizing price for the monopolist?
A) $3 B) $4 C) $5 D) $6
Economics
An advertising executive comes up with the slogan “Put the pep back in your life” to show how the Pep nutritional bar is more effective than many similar bars. The executive is taking part in ______.
a. a monopoly b. an oligopoly c. perfect competition d. monopolistic competition
Economics