Suppose there are economies of scale in the production of a specialized memory chip that is used in manufacturing microwaves. This suggests that the microwave industry is a decreasing-cost industry
Indicate whether the statement is true or false
TRUE
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The provision of the Patient Protection and Affordable Care Act (ACA) which states that, with limited exceptions, every resident of the United States must have health insurance that meets certain basic requirements is the ________ provision
A) regulation of health insurance B) state health insurance marketplaces C) individual mandate D) employer mandate
Arbitrage keeps markets from reaching equilibrium
Indicate whether the statement is true or false
Consider Frank's decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Frank's cost of going to college is
a. $33,800. b. $42,600. c. $49,800. d. $57,000.
According to Michael Porter, there is a strong correlation between _____ and the creation and persistence of competitive advantage in an industry.
Fill in the blank(s) with the appropriate word(s).