Business, 27.01.2020 21:31 jocelynfray16
Which statement is false? a. a monopoly sells lower-quality products at higher prices than in a perfect competition. b. natural monopolies are necessary to avoid wasteful duplication of resources. c. collusion is legal in the united states, but cartels are not. d. the start-up costs in a monopolistically competitive industry are low. e. homogeneous products leave consumers with no choice.
Answers: 2
Business, 22.06.2019 10:50
Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.
Answers: 3
Business, 22.06.2019 17:00
During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak
Answers: 2
Business, 22.06.2019 20:20
Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.
Answers: 3
Business, 23.06.2019 00:00
Match each economic concept with the scenarios that illustrates it
Answers: 2
Which statement is false? a. a monopoly sells lower-quality products at higher prices than in a per...
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