A measure of how easy and quickly an asset such as corporate sock can be converted into cash by selling it.
What will be an ideal response?
Liquidity
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See the information in Scenario 4.4. From this demand curve, one can infer that:
A) Rock and Roll Trivia is an inferior good. B) computers and diskettes are substitutes. C) computers and diskettes are complements. D) computers are a normal good. E) A, B and D are true.
Suppose you were competing in a sealed-bid, second-price auction for a Vermeer painting, which you happen to value at $100,000 . What bid should you submit?
a. Exactly $100,000 b. Somewhat lower than $100,000 depending on the number of other bidders c. Somewhat higher than $100,000 depending on the number of other bidders d. Cannot say which of a, b, or c is right without further information
OPEC is an example of a:
A. duopoly. B. monopoly. C. monopsony. D. cartel.
Which of the following is not an effective barrier to entry?
a) Threat of entry. b) Exclusive licensing. c) Patent Protection. d) Low capital requirements.