Author Question: Historically, the U.S. steel industry has been a good example of a. monopolistic competition b. a ... (Read 51 times)

brutforce · **on:** Jun 30, 2018

Historically, the U.S. steel industry has been a good example of
a. monopolistic competition
b. a cartel
c. a pure monopoly
d. the kinked demand curve model of oligopoly
e. the price leadership model of oligopoly

Question 2

In response to the threat of budget cuts, the Connecticut State Department of Recreation proposed shutting down many state parks and beaches. This is a good example of
a. cost efficiency in bureaus
b. Niskanen's theory of budget-maximizing bureaus
c. the median-voter model
d. logrolling
e. direct democracy