__________ is characterized by a large number of firms selling products that appear to be identical.

A. Oligopoly
B. Monopolistic competition
C. Perfect competition
D. Microeconomic competition

Ans: C. Perfect competition

Business

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It is important to distinguish conduct that constitutes an unfair labor practice from violations of board rules because violation of a board rule ________

A) can result in the National Labor Relations Board's setting aside of the results of an election B) can result in criminal penalties for the employer, including fines and imprisonment C) is automatically considered to be an unfair labor practice D) will revoke the offending party's right to seek an appeal in federal court

Business

The doctrine of caveat emptor means:

A) Let the buyer beware. B) Let the seller be liable for all damages. C) That the legal remedy must be just and fair. D) Let the seller beware.

Business