Which of the following situations is used as a justification for government?
A) negative externalities
B) removal from the prisoner's dilemma
C) nonexcludable goods
D) positive externalities
E) all of the above
E
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Antitrust laws seek to prevent actions that harm society such as
A) price discrimination. B) refusal to deal. C) predatory pricing. D) All of the above.
When a monopoly is regulated it is required to sell lower output at a lower price
a. True b. False Indicate whether the statement is true or false
In a publicly traded corporation, which of the following is responsible for business debts and activities?
A. The corporation itself. B. The individual stockholders. C. The board members. D. The owners.
You are considering renting a car for the weekend. It costs $200 for the car plus $0.20 per mile (including gas). Suppose you have already rented the car for the week and then add the 300 mile addition to your trip. Now what is the cost of the journey?
A. $100 B. $260 C. $0 D. $60