As a general rule, antitrust authorities refer to any firm with a market share above ________ percent as a monopoly even though it is technically a dominant firm.
A) 66 B) 75 C) 95 D) 50
B) 75
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Which of the following is true?
What will be an ideal response?
A village has five residents, each of whom has an accumulated savings of $50. Each villager can use the money to buy a government bond that pays 10 percent interest per year or to buy a year-old goat, send it onto the commons to graze, and sell it after one year. The price of the goat that the villager will get at the end of the year depends on the amount of weight it gains while grazing on the commons, which in turn depends on the number of goats sent onto the commons, as shown in the table below. Assume that if a villager is indifferent between buying a bond and buying a goat, the villager will buy a goat.Number of goatson the commonsPrice per 2-yearold goat ($)Income pergoat ($/year)180302752537020465155555 When the each villager decides how to invest based on his or her narrow
self-interest, total village income will be ________ when the village collectively decides how to invest. A. either higher than or lower than depending on the price of the goats B. lower than C. higher than D. the same as
Organizational leadership should limit the involvement of stakeholders in the strategic planning process
a. true b. false
A tax on imports is a(n)
A. tariff. B. quality barrier. C. import quota. D. voluntary import restriction.