Which of the following exemplifies a pure competitive market?
A) a market where many buyers and sellers trade over a range of prices rather than a single market price
B) a market where a single firm controls the larger fraction of the market share
C) a market where a few powerful firms control the larger fraction of the market share
D) a market characterized by only a few large sellers
E) a market where many buyers and sellers trade in a uniform commodity
E
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Under which of the following circumstances is a successor employer considered to be guilty of an unfair labor practice?
a. The successor employer sells off a large part of the existing business. b. The successor employer disregards the predecessor's collective bargaining agreement. c. The successor employer sets the initial terms of employment, such as wages, benefits, and working conditions, without consulting the union. d. The successor employer refuses to hire existing employees due to their union status.
On average, mutual funds have an expense ratio of about 3%
Indicate whether the statement is true or false.