(Consider This) The supply of higher education in the United States is:

A. highly price elastic.
B. highly price inelastic.
C. unitary elastic with respect to price.
D. perfectly price elastic.

Answer: B

Economics

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_____________ is the tendency of people to refuse to accept fair gambles

Fill in the blank(s) with the appropriate word(s).

Economics

The maximum total economic profit that can be made by colluding duopolists

A) is less than the economic profit made by a monopolist. B) equals the economic profit made by a monopolist. C) exceeds the economic profit made by a monopolist. D) bears no necessary relation to the economic profit made by a monopolist.

Economics