The model of perfect competition is most likely to apply to a market where
a. it is difficult for existing firms to exit the market
b. there are a few buyers, and they are uninformed about the degree of product standardization
c. there are many existing sellers, but it is difficult for new sellers to enter the market
d. one dominant seller must negotiate with one dominant buyer
e. there are many sellers, and they produce a standardized product
E
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The U-shaped yield curve in the figure above indicates that short-term interest rates are expected to
A) rise in the near-term and fall later on. B) fall sharply in the near-term and rise later on. C) fall moderately in the near-term and rise later on. D) remain unchanged in the near-term and rise later on.
The general trend in health care policy during the twentieth century has been _____
a. towards preventing the spread of communicable diseases b. towards ensuring that pharmaceuticals and physicians are well-regulated c. focused on general health care expenditures d. focused on general public health issues