Special-interest groups, such as the pharmaceutical lobby, often get what they demand because

a. politicians are rationally ignorant
b. voters are rationally ignorant
c. they engage in logrolling
d. they represent the median voter
e. none of the above

B

Economics

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Derivatives:

a. can be used to reduce risk b. can be a source of risk c. made the financial crisis of 2007-2009 not as bad as it would otherwise have been d. a and b only e. all of these

Economics

A market situation in which a large number of firms produce similar but not identical products is

A) a monopoly. B) an oligopoly. C) monopolistic competition. D) perfect competition.

Economics