Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had remained steady

Suppose you are offered a gamble in which you win $1,000 1/3 half the time but lose $800 2/3 half the time. If you are risk lover will you take the gamble? What will your expected payoff be?

What will be an ideal response?

Even if there are significant barriers to entry, firms may not be highly profitable

a. Substitute product offerings among rivals b. The ability of consumers to switch to substitute products easily c. All of the above d. None of the above