Author Question: In 2005, fewer than one million workers were involuntarily employed on a part-time basis. ... (Read 78 times)

ishan · **on:** Jul 1, 2018

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