UOP ECO365 Week 3 Knowledge Check Latest

ECO365 Principles of Microeconomics

Week 3 KNOWLEDGE CHECK

1. In a monopolistically competitive market,

2. Strategic decision-making is most important in

3. The general monitoring problem implies that

4. Lazy monopolists are characterized by the tendency to

5. Judgment by performance means that the competitiveness of a market is determined by

6. Consumers tend to accept the market restrictions imposed by suppliers because

7.  The fact that U.S. managers' salaries are about four times higher than those of comparable managers in Japan, where banks control firms more closely, is probably