Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).Recall the Application. One might expect no more firms to enter after the market consolidated into one firm because:
A. the fixed cost of setting up a company system and acquiring programing is very high.
B. the marginal cost of adding addition subscribers if very high.
C. demand is very elastic.
D. All of these
Answer: A
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Using Scenario 1 what would happen to your budget constraint if you came up with a study technique that allowed you to earn 3 points for every hour spent studying economics and still only 2 points for every hour spent studying French? What has
happened to the relative price of one hour of studying French?
The MRP schedule of the perfect competitor declines _____ than that of the imperfect competitor.
Fill in the blank(s) with the appropriate word(s).
Assume that taxes depend on income. The MPC is 0.9 and t is 0.3. The government spending multiplier is
A. 10. B. 2.7. C. 1.42. D. 1.17.
Fiscal policy affects the money market through its impact on income and money demand.
a. true b. false