Few sellers and many buyers is characteristic of
a. monopoly
b. monopolistic competition
c. an oligopoly
d. perfect competition
Ans: b. monopolistic competition
Economics
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Refer to Table 17-2. The marginal profit from hiring the second unit of labor is
A) $4,200. B) $1,960. C) $1,800. D) $1,450.
Economics
Provide a short account of how the Euro came in to existence? When were the first agreements reached? When was it established as a unit of account? When did it start circulating?
What will be an ideal response?
Economics