The high salaries paid to sports superstars in the United States are determined by
a. government regulations.
b. league regulations.
c. joint decisions by the club owners.
d. consumer demand.
d. consumer demand.
Economics
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Suppose China Airlines wants to purchase a French Airbus. The price of the Airbus is 95 million Euro. If the exchange rate is 1 euro per 10 yuan, the price of this airplane to China Airlines is
A) 950 million yuan. B) 10.52 million yuan. C) 10 million yuan. D) 9.5 million yuan.
Economics
Why is there a price markup over marginal cost in monopolistic competition?
What will be an ideal response?
Economics