A utility-maximizing consumer equalizes marginal utilities across all goods
a. True
b. False
B
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In the game in Scenario 13.17, Incumbent Monopoly has
A) an incentive to threaten accommodation, which would be credible. B) an incentive to threaten war, which would be credible. C) an incentive to threaten accommodation, which wouldn't be credible. D) an incentive to threaten war, which wouldn't be credible. E) no incentive to make a threat.
A monopsony is defined as a monopoly that has to negotiate with a labor union
a. True b. False Indicate whether the statement is true or false
Other things constant, countries with higher investment rates will
What will be an ideal response?
Which of the following is NOT an advantage of a proprietorship?
A) They are easy to form and dissolve. B) Decision-making resides with one person—the owner. C) Liability of the owner is unlimited. D) Profits are only taxed once.