A characteristic common to most imperfectly competitive markets is
A) a homogeneous product.
B) unexploited economies of scale.
C) non-price competition among firms.
D) inelastic market demand curves.
E) common pricing among firms.
Ans: C) non-price competition among firms.
Economics
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Refer to the table above. If country X is expected to grow by 19% between the years 2007 and 2008, what is the expected GDP per capita for the year 2008?
A) $2,439.50 B) $3,015 C) $2,763.90 D) $1,882
Economics
Most economists agree that government efforts in economic development must be:
A. Employed to substitute for private efforts B. Designed to support private efforts C. The sole driver of economic development D. Kept at a minimum because we can always rely on markets
Economics