Firms such as Taco Bell and Chipotle operate hundreds of restaurants nationwide while firms such as El Pollo Loco operates only in five states. How would you characterize these stores?
A) Taco Bell and Chipotle are duopolists while El Pollo Loco is a monopolistic competitor.
B) They are all monopolistic competitors.
C) Taco Bell and Chipotle are duopolists while El Pollo Loco is an oligopolist.
D) Taco Bell and Chipotle are oligopolists while El Pollo Loco is a monopolistic competitor.
B
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The openness of the U.S. economy has
A) increased over time. B) decreased over time. C) remained fairly consistent over time. D) decreased over the past 30 years, following a 50 year increase.
The Wall Street Reform & Consumer Protection Act of 2010 has the following provisions, except:
A. It gives broader authority to the Fed to regulate all large financial institutions B. It establishes a process for liquidating in an orderly way the assets of large, failing financial institutions C. It creates a Financial Stability Oversight Council to look out for systemic risk in the financial system D. It consolidates the operations of Wall Street, commercial banks, and other financial institutions