In the above figure, if the union has Q2 members and wants to ensure that all members have jobs, it will set wage equal to
A) W1.
B) W2.
C) W3.
D) none of the above.
B
Economics
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In the cable TV service industry, end users are
A) advertisers only. B) cable TV subscribers only. C) both advertisers and cable TV subscribers. D) no one.
Economics
Exhibit 10-2 A monopolistic competitive firm
To maximize long-run profits, the monopolistically competitive firm shown in Exhibit 10-2 will charge a price per unit of:
A. zero. B. $5. C. $10. D. $15.
Economics