The term "bilateral monopoly" refers to market situations in which
a. there are two participants on the selling side.
b. there are two participants on the buying side.
c. there is a monopoly on the selling side and a monopsony on the buying side.
d. a monopoly has evaded antitrust laws.
c
Economics
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Frictional unemployment is to ________ as structural unemployment is to ________
A) search; mismatch B) temperature; rigidity C) job training; output gap D) all of the above E) none of the above
Economics
In a kinked demand market, whenever one firm decides to lower its price,
a. other firms will automatically follow. b. none of the other firms will follow. c. one half of the firms follow and one half of the firms don't follow the price cut. d. other firms all decide to exit the industry e. all of the other firms raise their prices.
Economics