Which real-world market most closely approximates perfect competition?
a. the stock market
b. automobiles
c. higher education
d. cable television services
e. retail clothing stores
Question 2
In the monopoly market structure, new firms
a. cannot profitably enter the industry, even in the long run
b. may freely enter and leave the industry in both the short run and the long run
c. may freely enter and leave the industry in the long run only
d. may freely enter and leave the industry in the short run only
e. have no incentive to enter the industry, even if economic profits are present
Total fertility rates (TFRs) among major regions of the world.
A horse and rider in dressage competition at the Olympics
Real Price of Oil, 1861–2010
World Inequality and Its Components, 1820–1992
World of Art, A
The Vast World Ocean