The distinguishing characteristics of different market structures include
a. how frequently the product is purchased
b. the extent of capitalization in the industry
c. the presence or absence of technological innovation
d. the presence or absence of collusion
e. both the number of sellers and the number of buyers
E
Economics
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In the long run,
A) unemployment is at its natural rate. B) GDP > potential GDP. C) LRAS and SRAS lie on the same line. D) the inflation rate is zero.
Economics
Coca-Cola has a secret formula that has never been copied. This is because Coca-Cola
a. is an unbalanced oligopoly b. has a trademark that cannot be copied c. has patent rights on the formula d. has exclusive access to formula information e. is a natural monopoly
Economics