According to economic theory, companies with monopoly power use their economic power to harm the consumer by:
A) limiting opportunity for product monopolies among specialized producers.
B) limiting opportunity for developing competitive products.
C) flooding the market with choices.
D) raising production to unmatchable levels.
E) limiting production and raising prices.
Ans: E) limiting production and raising prices.
You might also like to view...
A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported onthe statement of cash flows in
a. a separate schedule b. the cash flows from financing activities section c. the cash flows from investing activities section d. the cash flows from operating activities section
In the case of direct involvement, a company that wants to enter a competitive market should ________
A) establish franchised outlets in the new market B) approach retailers selling substitute products in the new market C) approach retailers selling complementary products in the new market D) establish bonds with distributors or wholesalers in the new market
A state law that conflicts with the U.S. Constitution will be deemed unconstitutional.
Answer the following statement true (T) or false (F)
What is another name for subprime loans?
A) ?Void loans B) ?Voidable loans C) ?Predatory lending D) Unregulated loans