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If 50 units are sold at a price of $20 and 80 units are sold at a price of $15, what is the absolute value of the price elasticity of demand? Use the midpoint formula. Is it elastic, inelastic, or unit elastic?

Which of the following is the best example of a perfectly competitive industry?

Which of the following is a characteristic of an oligopolistic market structure?

What happens to the monopolist represented in the diagram in the long run, if costs and demand stay the same?

The firm represented in the diagram

The U.S. Congress has given two government entities the authority to police mergers. These two entities are

Point A is

Union victory at the end of the war can be ascribed to

Golda Rush quit her job as a manager for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,000 per year, invested her savings of $30,000 (which was earning 5 percent interest) and borrowed $10,000 from a close friend, agreeing to pay 5 percent interest per year. In her first year, Golda spent $18,000 to rent a salon, hired a part-time assistant for $12,000 and incurred another $15,000 in expenses on equipment and hairdressing material. Based on this information, what is the amount of her explicit costs for the first year?

Women in the North and South worked in all of the following occupations during the Civil War except