Answer the question on the basis of the following demand and cost data for a specific firm. Demand Data Cost Data
(1) Price (2) Price (3) Quantity Output Total Cost
$11.00 $10.00 6 6 $61
9.99 8.85 7 7 62
9.00 8.00 8 8 64
8.00 7.00 9 9 67
7.10 6.10 10 10 72
6.00 5.00 11 11 79
5.15 4.15 12 12 86
Suppose that entry into the industry changes this firm's demand schedule from columns (1) and (3) to columns (2) and (3). We can conclude that this industry is:
a. a pure monopoly.
b. purely competitive.
c. a constant cost industry.
d. monopolistically competitive.

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

Emil motycka is considered an entrepreneur because

Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.