According to the text, which of the following best describes the process the FCC used to allocate spectrum licenses to telecommunications providers?
A. Licenses were auctioned one at a time, to the highest bidder.
B. Licenses were first sold to telecommunications providers that already had contracts with the government.
C. All licenses were auctioned off at the same time.
D. The government charged the same price for each license.
C. All licenses were auctioned off at the same time.
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In the past dating was a fairly simple activity in the United States. If there was someone you wanted to go out with you would call them or ask them to go out for dinner and a movie
Nowadays it appears that many people are willing to pay large amounts of money to professional dating services to find a compatible mate. This idea is not a new one but it has increased quite dramatically in popularity. What does this suggest about what kind of good dating services might be and why? Are we likely to find this type of service be more or less prevalent in poorer countries?
Scarcity is a concept that does not apply to
A. human wants. B. natural resources. C. land. D. machinery.
During spring break, students have an elasticity of demand for a trip to Las Vegas of ?5. How much should an airline charge students for a ticket if the price it charges the general public is $660? Assume the general public has an elasticity of ?3.
A. $792 B. $440 C. $352 D. $550
Suppose Blu-ray discs are sold in a perfectly competitive market. The current market price of Blu-ray discs is $15. If at the current level of production of compact discs you calculate the marginal cost to your company is also $15, and that AVC is rising, in the short run your company should:
A. produce more Blu-ray discs. B. produce fewer Blu-ray discs. C. continue producing the current level of Blu-ray discs. D. raise the price of its Blu-ray discs.