Firms with a continuous need for working capital financing will probably want to have __________ with a bank
A) credit rationing
B) individually negotiated loans
C) repurchase agreements
D) a line of credit
D
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Which of the following would cause a positive change in quantity demanded?
a. A rise in supply. b. A fall in supply. c. A rise in demand. d. A fall in demand.
To optimally deter crime, law enforcement authorities should:
A) set higher fines for crimes that have a lower probability of being caught. B) set the fine equal to the expected benefit, even if it is difficult to catch the offenders. C) ignore the probabilities of catching offenders and attempt to prevent crime at all costs. D) set very high fines regardless of the probability that an offender is caught.
The monopolist will choose the price and output combination at which
A) MC equals AR. B) MC equals MR. C) MC equals price. D) MR equals AR.
When firms are faced with repeating games, such as the prisoner's dilemma, they:
A. are more likely to collude. B. are less likely to collude. C. will tend to act more like perfectly competitive firms. D. will be more likely to renege on agreements.