Refer to Table 18-6. Calculate the income tax paid by Sasha, a single taxpayer with an income of $60,000

Gross domestic product measures the ________ value of ________ goods and services produced during a ________ time period

A) inherent; market; fixed B) final; intermediate; stable C) intermediate; final; constant D) market; final; given

Consider an industry that is made up of nine firms each with a market share (percent of sales) as follows:

a. Firm A: 30% b. Firm B: 20% c. Firms C, D, and E: 10% each d. Firms F, G, H, and J: 5% each What is the value of the four-firm concentration ratio and how is the industry categorized? A) 80%; strongly oligopolistic B) 70%; oligopoly C) 50%; monopolistic competition D) 75%; oligopoly