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  Economists assume that the cost of __________ is fixed in the short run.  

  Which of the following have greater incentives to collude and to form cartels in an effort to achieve monopoly-like profits?  

  __________ is a form of market structure with a small number of firms selling differentiated products in a market with high barriers to entry.  

Which of the following will cause a movement along a good’s supply curve?

Which of the following is NOT a current asset?

  When the price of an eraser increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elasticity of demand between erasers and pencils is ________ because erasers and pencils are ________.  

The following graph represents Zendar’s labor market. Use this graph to answer the next five questions.   What is the equilibrium number of workers in Zendar?  

All expense accounts have a normal debit balance. 

The left hand side of the T account is the __________ side.

  The practice of setting prices deliberately below average variable costs to put a rival out of business is known as