Regulations created some years ago allow cell phone customers to keep the same phone number even when they switch to a different provider. This change:
A. showed that lobbyists employed in the telecom industry are interested only in engaging in rent-seeking activities.
B. did not affect the degree of competition in the industry.
C. reduced the monopoly power of cell phone providers.
D. increased the monopoly power of cell phone providers.
Answer: C
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Which of the following illustrates the concept of external benefit?
A) Good weather increases the size of the wheat crop. B) A new pesticide increases the size of the wheat crop. C) A gardener enjoys his flowers. D) Neighbors enjoy a gardener's flowers.
The country with the highest child poverty rate in the industrial world is __________.
Fill in the blank(s) with the appropriate word(s).
Other things the same, if the exchange rate changes from 75 Algerian dinar per dollar to 72 Algerian dinar per dollar, the dollar has
a. appreciated and so buys more Algerian goods. b. appreciated and so buys fewer Algerian goods. c. depreciated and so buys more Algerian goods. d. depreciated and so buys fewer Algerian goods.
In a price leadership oligopoly model,
A. a cartel of leading firms determines price and industry output. B. the industry in consortium with the government determines price and output. C. one firm is the price leader and all other firms follow. D. the firms abandon a profit-maximizing goal.