Which of the following provides the strongest evidence that a firm operating in the highly competitive retail sector is failing to provide goods and services that consumers value highly relative to their cost?
a. The firm is making losses, and its sales are declining.
b. The top-level managers of the firm are paid high salaries.
c. The wages earned by the employees of the firm are low.
d. The firm is a large corporation.
e. The firm is highly profitable, and its sales have grown rapidly.
A
Economics
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If the price elasticity of demand is infinite, demand is:
A. upward sloping. B. inelastic. C. elastic. D. perfectly elastic.
Economics
At the natural rate of unemployment, the economy can be considered to be at full employment.
Answer the following statement true (T) or false (F)
Economics