Author Question: In which market type does the firm face the most inelastic demand curve? A) perfect competition B) ... (Read 106 times)

captainjonesify · **on:** Jun 30, 2018

In which market type does the firm face the most inelastic demand curve?
A) perfect competition
B) monopolistic competition
C) monopoly
D) oligopoly

Question 2

Which of the following is not a reason it is harder to unionize in the fast growing service industry?
a. Service sector jobs are often in small firms, making it difficult to organize large numbers of employees across the industry.
b. Service industry jobs are often standardized, reducing the need for unions to negotiate working conditions.
c. Employees in the service sector often work more closely with management.
d. Service industry jobs are more varied, making it harder to negotiate as a group.