Product differentiation complicates the study of oligopolies because such markets may not
a. be efficient.
b. have prices equal to marginal cost.
c. have free entry and exit.
d. obey the law of one price.
d
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In the traditional view, stocks are ____ than bonds to the firm that issues them and ____ than bonds to the investor who purchases them.
A. less risky; less risky B. less risky; riskier C. riskier; less risky D. riskier; riskier
What is meant by scientific method?
What will be an ideal response?
Under a fractional reserve banking system
A. a bank's total reserves equal its total liabilities. B. a bank's total deposits (liabilities to the bank) exceed its reserves. C. a bank's vault cash is only a fraction of its net worth. D. a bank's liabilities are a small percentage of its loans.
The analysis of consumer decision making based on utility maximization is known as
A. consumption analysis. B. specialization analysis. C. market analysis. D. utility analysis.