An industry with only two competing firms is called a ________
A) duopoly
B) perfect competition
C) monopoly
D) monopolistic competition
A
Economics
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In the context of a roulette wheel, gambler's fallacy refers to the belief that:
A) outcomes of a gamble are mostly repetitive. B) winners in a gamble lose the next round. C) outcomes of a gamble tend to avoid repeats. D) winners in a gamble continue to win in streaks.
Economics
An increase in a country's budget surplus shifts its
a. demand for loanable funds right and decreases investment spending. b. supply of loanable funds right and increases investment spending. c. supply of loanable funds left and decreases investment spending. d. None of the above is correct.
Economics