Ramsey pricing is a good private enterprise basis for setting access prices
Indicate whether the statement is true or false
F Ramsey prices for access can easily will bring more revenue to one party than another, and that result is usually not wanted in a private enterprise context.
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The arrival of inexpensive information technology, such as personal computers and inexpensive telecommunications:
a. discouraged de-integration. b. increased the optimal size of firms. c. shifted the long-run average cost (LRAC) curve of firms downward. d. shifted the marginal cost of firms upward.
Among all countries in the world, the United States has the most income inequality
a. True b. False Indicate whether the statement is true or false
Comparative advantage is the ability of a country to produce a good at a higher opportunity cost relative to other countries
Indicate whether the statement is true or false
The economy moves from point A, where it produces 100 units of X and 200 units of Y, to point B, where it produces 200 units of X and 150 units of Y. It follows that
A) point A is a productive inefficient point. B) point A may be a productive inefficient point. C) point A may be a productive efficient point. D) point B is a productive efficient point. E) b and c