Which of the following four-firm concentration ratios is consistent with monopolistic competition?
A) 100 percent
B) 75 percent
C) 25 percent
D) 0 percent
E) 91 percent
C
Economics
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Refer to the scenario above. The winner of this auction will earn a surplus of ________ if he follows his dominant strategy
A) $100 B) $300 C) $400 D) $200
Economics
Potential output depends on all of the following except one. Which is the exception?
a. The supply of labor b. Labor productivity c. Household choices regarding labor and leisure d. The technology in current use e. The number of consumers in the market
Economics