The term “factor market” applies to the market for（）
A. labor
B. capital
C. land
D. All choices are correct
查看答案
Which of the following statements about oligopolies is not correct（）
An oligopolistic market has only a few sellers
B. The actions of any one seller can have a large impact on the profits of all other sellers
C. Oligopolistic firms are interdependent in a way that competitive firms are not
D. Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues
The factors of production are best defined as the（）
A. output produced from raw materials
B. inputs used to produce goods and services
C. wages paid to the workforce
D. goods and services sold in the market
Because a firm’s demand for a factor of production is derived from its decision to supply a good in the market, it is called a（）
A. differentiated demand
B. secondary demand
C. derived demand
D. hybrid demand-supply
A firm that has little ability to influence market prices operates in a（）
A. competitive market
B. strategic market
C. thin market
D. power market
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