Some oligopolies may try to maximize sales revenue rather than maximize profits
a. True
b. False
Indicate whether the statement is true or false
True
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A tariff is a tax imposed on ________ good.
A. a luxury B. a domestic C. an illegal D. an imported
When there is a positive externality
A) the marginal social benefit received by consumers is greater than the marginal private benefit. B) the marginal private benefit received by consumers is greater than the marginal private cost. C) the marginal private benefit received by consumers is greater than the external benefit. D) the marginal private benefit received by consumers is greater than the marginal social benefit.
Other things being equal, a decrease in the default risk of corporate bonds shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds to the ________
A) right; right B) right; left C) left; right D) left; left
Because it is a market economy, in the United States all research and development is done by private business firms
a. True b. False Indicate whether the statement is true or false