all T-Mobile 6:53 PM 24% 496 43) Two rival movie theater chains in the same city

Question

all T-Mobile 6:53 PM 24% 496 43) Two rival movie theater chains in the same city coming together to form a of a: 44) Which of the following statements about single organization would be an example strikes is not true? 45) The most likely source of government cash transfers to the poor is: 46) An economic theory is also known as an economic: 47) Microeconomics is concerned with the study of 48) A person goes to college to become an accountant is 49) The income effect of a good is likely to be greater when 50) Which of the following statements is true about the law of demand and supply

Explanation / Answer

43) It is an example of collusion where two firms in the same industry join together to form a cartel like structure.

45) These can be taken in the form of subsidies where poor is able to increase its spending on all the goods and servives used by it

46) It is also called an economic model because it models the real world situation using certain assumptions

47) Individual units and individual markets are what Microeconomics is all about. It studies single markets.

49) Income effect is likely to be greater than the substitution effect when the good is inferior

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