Which of the following will improve your supplier contracting bargaining position
a. You have a policy of always excluding at least one potential competing supplier
b. You have a policy of increasing product options by never excluding a potential supplier
c. Two of your suppliers merge
d. Your final product that includes this component becomes more profitable
a
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Refer to the figure above. What is the producer surplus before Lithasia opens up to free trade?
A) $6 B) $12 C) $18 D) $24
An increase in interest rates might be an example of a ________ policy for the purpose of ________
A) monetary; reducing inflation B) monetary; lowering unemployment C) monetary; increasing the quantity of money D) fiscal; reducing inflation E) fiscal; lowering unemployment
What mechanism assures that firms produce outputs that consumers actually desire?
a. governmental regulations on the mix of outputs b. altruism c. the desire for profit d. a desire to serve others without thought of reward e. All of the above are correct.
Use the following graph for a pure monopoly operating in the short run to answer the next question.
At the profit-maximizing level of output, this firm ________.
A. faces a total fixed cost equal to the area of BEFC B. should shut down C. generates a loss per unit equal to DE D. generates an economic profit equal to the area of ABED