The figure above shows that to make the price support work, the government buys ________ million tons of sugar beets

Which of the following supermarket strategies to increase sales would be most consistent with a neoclassical economics (versus behavioral economics) approach?

A. Holding posted prices constant but reducing package sizes. B. Providing discounts for buying in bulk. C. Placing the most frequently purchased items at the back of the store. D. Positioning high-profit kids cereals on the lower shelves of the cereal aisle.

Which of the following is a characteristic of monopolistic competition?

A. strategic dependence B. few firms C. homogeneous products D. easy entry and exit