Small businesses that operate outside the normal framework of laws and regulations are part of the

a. informal sector
b. capital intensive sector
c. International Comparison Project
d. human capital network
e. none of the above

A

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Refer to the scenario above. What is the expected value of the game?

A) $20 B) $50 C) $100 D) $300

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A profit-maximizing monopolist will always operate where demand is unit elastic

a. True b. False

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