Author Question: A market dominated by a few large sellers who sell identical or differentiated products is called ... (Read 107 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
A market dominated by a few large sellers who sell identical or differentiated products is called
 
  A) perfect competition.
  B) monopolistic competition.
  C) monopoly.
  D) oligopoly.

Question 2

In the nation of Gonzo, the number of employed is 95 million, the adult population is 125 million, and the number of unemployed is 5 million. Calculate the unemployment rate, the employment rate, and the labor force participation rate in Gonzo.
 
  What will be an ideal response?



Cheesycrackers

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

D

Answer to Question 2

Unemployment rate: (5 million)  (95 million + 5 million)  100 = 5.
Employment rate: (95 million)  (95 million + 5 million)  100 = 95.
Labor force participation rate: (95 million + 5 million )  (125 million)  100 = 80.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

For a complete list of videos, visit our video library