Fed policy since the early 1990s indicates that it is pursuing a policy of targeting the
A) monetary base.
B) money supply.
C) federal funds interest rate.
D) exchange rate.
C
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The text describes various pricing strategies that oligopolists use. Which of the following is not one of these strategies?
a. game theory b. price leadership c. kinked demand d. cartel e. trial and error
The free-rider problem
a. forces the supply of a public good to exceed its demand. b. results in common resources becoming club goods. c. explains why many local governments supply public goods. d. results in public goods becoming private goods.
The main advantage of diversification as an investment policy is that it-
What will be an ideal response?
Consider a market consisting of two firms where the inverse demand curve is given by P = 500 ? 2Q1 ? 2Q2. Each firm has a marginal cost of $50. Based on this information, we can conclude that aggregate quantity in the different equilibrium oligopoly models will follow which of the following orderings?
A. QBertrand < QCollusion < QCournot < QStackelberg B. QBertrand < QStackelberg < QCournot < QCollusion C. QCollusion < QCournot < QStackelberg < QBertrand D. QCollusion < QStackelberg < QCournot < QBertrand