In 2005, fewer than one million workers were involuntarily ...

[ishan]

In 2005, fewer than one million workers were involuntarily employed on a part-time basis.
 
  Indicate whether the statement is true or false

Question 2

Suppose Orange Inc sells MP3 players and initially has monopoly power because there are only a few close substitutes available to consumers.
 
  As more types of MP3 players are introduced into the market, the demand facing Orange becomes ________ elastic and the Lerner index achieved by the firm in this market ________. A) less, declines
  B) less, increases
  C) more, declines
  D) more, increases

[ansleighelindsey]

Answer to Question 1

F

Answer to Question 2

C

[ishan]

YES! Correct, THANKS for helping me on my review

[blakcmamba]

Thanks for the timely response, appreciate it