Consider Figure 6.1. At the monopoly price as established by Boeing, Canadian consumers realize $______________ of consumer surplus from the availability of aircraft.

a. $4 million
b. $8 million
c. $12 million
d. $16 million


b. $8 million

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Trustworthy Insurance, Inc., has a valid reason to cancel a policy issued to USA Sales Company. In most states, Trustworthy could cancel the policy on

A. advance oral notice. B. oral or written notice, advance or contemporaneous. C. without notice. D. advance written notice.

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If a market segment is especially motivated by coupons in newspapers, which segmentation success criterion is most influential in the success of this program?

A. responsiveness B. identifiability and measurability C. substantiality D. accessibility E. functionality

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The National Association of Realtors' 2009 settlement with the Justice Department: A) Requires NAR to accept all licensed brokers and agents as members

B) Requires NAR to halt exclusive listing agreements. C) Requires NAR to eliminate its opt-out provision for web-only real estate brokers. D) Resulted in several NAR officials pleading guilty to antitrust violations.

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The last four steps in the accounting cycle include preparing the adjusted trial balance, preparing financial statements, and recording closing and adjusting entries.

Answer the following statement true (T) or false (F)

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