Long-term contracts become longer:
A. when spot markets work well.
B. when the exchange environment is more complex.
C. when marginal costs are declining.
D. when specialized investment becomes more important.
Answer: D
Economics
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a. True b. False
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If the sellers of labor in a competitive market decided to unionize, ceteris paribus, then wages would
A. Rise and employment would fall. B. Rise and employment would rise. C. Fall and employment would rise. D. Fall and employment would fall.
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