Authors are allowed to be monopolists in the sale of their books in order to
a. promote a society in which people think for themselves and learn from whichever books they please.
b. correct for the negative externalities that the Internet and television impose.
c. satisfy literary advocacy groups that exercise their lobbying power.
d. None of the above is correct.
d
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Convergence of the income gap has been most dramatic between
A) Hong Kong and the United States. B) the Central European countries and the United States. C) Africa and the United States. D) South America and the United States.
If the total variable cost of producing 5 units of output is $10 and the total variable cost of producing 6 units is $15, the marginal cost of producing a sixth unit is $5
a. True b. False Indicate whether the statement is true or false
A new approach to management that uses market structures is
A) CAPM. B) market based management. C) total quality management. D) networking.
If the actual government deficit (-) is equal to -$50 billion, then:
a. Fiscal policy must be expansionary. b. Fiscal policy could be expansionary, contractionary, or neutral. c. Monetary policy must be expansionary. d. Fiscal policy must be contractionary.