When a government splits a natural monopoly vertically, it is breaking the company up:
A. along its stages of production.
B. into smaller companies providing the same goods.
C. in order to maximize its profits.
D. in order to capture all efficiencies possible.
A. along its stages of production.
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The development of money market mutual funds contributed to the growth of ________ since the money market mutual funds need to hold liquid, high-quality, short-terms assets
A) the commercial paper market B) the municipal bond market C) the corporate bond market D) the junk bond market
The main reason for the rising market value of corporate stock is
A) falling interest rates. B) changes in tax laws. C) increases in the prices of existing stock. D) the increased supply of new stock.
How do New Keynesians use the existence of long-term nominal contracts to help explain the failure of prices to adjust in the short run?
What will be an ideal response?
What is the average total cost of hiring the 7th worker?
a. $400 b. $800 c. $1200 d. $1600