Price wars are ________ likely to occur when the industry is ________
A) more; a monopoly.
B) more; an oligopoly.
C) more; perfect competition.
D) equally; monopoly, oligopoly, and perfect competition.
B
Economics
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The winner in a first-price sealed-bid auction pays an amount equal to ________
A) his bid B) the second-highest bid C) half of his bid D) the lowest bid
Economics
Deflation causes the demand for bonds to ________, the supply of bonds to ________, and bond prices to ________, everything else held constant
A) increase; increase; increase B) increase; decrease; increase C) decrease; increase; increase D) decrease; decrease; increase
Economics