The leading federal regulatory body for financial markets in the United States is the
A) Federal Bureau of Investigation.
B) Securities and Exchange Commission.
C) Federal Financial Market Bureau.
D) Investors Protection Agency.
B
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A television broadcast is an example of a good that is
a. private. b. not rival in consumption. c. social. d. normal.
Invisible hand is a term used by the economist ______ to describe how the decisions of households and firms lead to desirable market outcomes
Fill in the blank(s) with correct word
The data below relates to a pure monopoly and the product it produces. What is the profit-maximizing output and price for this firm?
A. P = $15; Q = 3
B. P = $12; Q = 5
C. P = $18; Q = 2
D. P = $14; Q = 4
Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. src="https://sciemce.com/media/4/ppg__1420829190927__f1q532g1.jpg" alt="" style="vertical-align: 0.0px;" height="96" width="382" />Because all residents of Miniville shop at the store located closest to their homes, the optimal location for the first store to open in Miniville is:
A. at the western end of Lake Shore Drive.
B. Point A.
C. Point C.
D. there is no single optimal location for the first store.