If you drive on a rural stretch of highway and come upon an intersection in which there are two gas stations, and you know them to be the only ones for 100 miles, they are

A. monopolistic competitors.
B. perfect competitors.
C. monopolists.
D. oligopolists.

Answer: D

Economics

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An individual with a diversified stock portfolio usually

a. holds only the stocks of conglomerates (firms that participate in many industries). b. deals with several brokerage houses. c. holds stock in several types of firms. d. holds stocks with several maturity dates.

Economics

If 1 U.S. dollar exchanges for 1.89 Australian dollars, how much would it cost in U.S. dollars and cents to purchase an Australian video priced at 40 Australian dollars?

What will be an ideal response?

Economics