Firm ownership in the United Kingdom is largest for
A) individuals.
B) financial institutions ? agents.
C) financial institutions ? ownership/control.
D) nonfinancial corporations.
B
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If marginal benefit is greater than marginal cost for the production of cars, to reach the allocative efficient quantity of cars, the production of cars must be increased
Indicate whether the statement is true or false
The fact that a monopoly has to take the shapes of marginal cost AND marginal revenue into account when making decisions is reflected in the fact that
A) monopolies don't have a supply curve. B) monopolies don't have a demand curve. C) monopolies have the same supply curve as perfectly competitive firms. D) monopolies maximize profit.
The chances of successful collusion are greatest when
a. firms are producing a differentiated product. b. there are many firms in the industry. c. there are tiny firms and huge firms together in the same industry. d. demand curves and cost curves are similar among the firms in the industry. e. demand is falling.
Bernoulli called the ____________ moral value
Fill in the blank(s) with the appropriate word(s).