Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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show | Non-price competition
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A major characteristic of monopolistic competition is that prices will be | show 🗑
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A cartel is able to survive only If | show 🗑
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The main difference between monopolistic competition in perfect competition is that | show 🗑
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Which legislation enacted in 1947 may have been the reason for the decline in union membership | show 🗑
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What is one of a labor unions primary goals | show 🗑
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What is considered a negative impact of a strike on an employer | show 🗑
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In which sectors has union membership grown in recent years | show 🗑
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A government aim and giving an antitrust exemption to sports leagues is | show 🗑
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A discounted airline fare is a price discrimination that can be offered because | show 🗑
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show | Encourage firms to develop new products that benefit society
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show | The price at which the profit it maximized
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For which of the following goods is supply likely to be inelastic in the short term weather prices rise or fall | show 🗑
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show | Some producers produce less and others drop out of the market
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show | It lists supply for a specific good
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show | It always rises from left to right
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How can expectations about the future change consumer behavior | show 🗑
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show | By helping to create fads and trends
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show | When goods are used together
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What can cause an entire demand curve to shift | show 🗑
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Why does an economic create a market demand schedule | show 🗑
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show | You are willing and able to buy it at the given price
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If prices rise but not income what is the effect on demand | show 🗑
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show | Consumers will buy the cheaper item B as a substitute
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show | The good becomes more expensive to produce
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How does the new technology generally affect production | show 🗑
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show | To have food in case imports are ever restricted
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show | Store these goods until the price goes up
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Created by:
lacimcadow