Since most colleges and universities charge the same tuition to every student regardless of what time students choose to take their classes,
A) the schools must develop some type of non-price rationing device.
B) it follows that all classes will have a shortage of seats.
C) it follows that all classes will have a surplus of seats.
D) it follows that some classes will likely have a shortage of seats while other classes may have a surplus of seats.
E) a and d
E
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Determine if each of the goods below displays any of the following characteristics:
(i) rivalry (ii) nonrivalry (iii) excludability (iv) nonexcludability a. attending a Packers game at Lambeau Field b. online encyclopedia Wikipedia c. a shopping mall on Black Friday d. an online defensive driving class e. a Tesla Model S electric car
Which of the following four-firm concentration ratios would be the best indicator of an oligopoly?
A) 0.25 percent B) 31 percent C) 78 percent D) 100 percent E) 11 percent