Non-redeployable durable assets that are dependent upon unique complementary and perfectly redeployable assets to achieve substantial value-added will typically be organized as
a. an export trading company
b. a spot market contract
c. a vertically integrated firm
d. an on-going relational contract
e. a joint stock company.
c
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For a monopolistically competitive firm, marginal revenue
A) and price are unrelated. B) is less than the price. C) is greater than the price. D) equals the price.
Your text considers both the low savings and high savings nations and concludes what about the relationship between government budgets and the current account?
What will be an ideal response?
The American Recovery and Reinvestment Act of 2009 provided ________
A) tax cuts of $288 million and a government spending increase of $499 million B) tax cuts of $288 million and a government spending increase of $499 billion C) tax cuts of $288 billion and a government spending increase of $499 billion D) tax cuts of $288 trillion and a government spending increase of $499 trillion
Firms in perfectly competitive markets who wish to maximize profits should:
A. keep producing more as long as marginal cost is less than marginal revenue. B. produce less as long as marginal cost is greater than marginal revenue. C. produce where marginal cost and marginal revenue are equal. D. All of these are true.