A market in which there is only one seller, and there is no close substitute for the product being sold, is called
A) perfect competition.
B) monopolistic competition.
C) monopoly.
D) oligopoly.
C
Economics
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Total U.S. government expenditures as a percentage of GDP were largest during which of the following periods of time?
a. The Great Depression. b. World War II. c. The Vietnam War. d. The Energy Crisis of the mid- and late-1970s.
Economics
What is one argument made by proponents of in-kind transfers over cash payments to the needy?
Economics