The primary objective of multinational tax planning is to minimize the firm's worldwide tax burden.
a. true
b. false
a. true
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Explain why a firm's long-run total cost is no greater than its short-run total cost. Under what circumstances will the two be equal?
What will be an ideal response?
The table above shows sales of the firms in the chocolate industry. The Herfindahl-Hirschman Index in the industry is
A) 1346. B) 896. C) 1160. D) 2588.
An increase in autonomous taxes
A) increases autonomous planned spending by an equal amount. B) decreases autonomous planned spending by an equal amount. C) increases consumption by that amount times the marginal propensity to consume. D) decreases saving by that amount times the marginal propensity to save.
Which of the following statements about oligopolies is not correct?
a. An oligopolistic market has only a few sellers. b. The actions of any one seller can have a large impact on the profits of all other sellers. c. Oligopolistic firms are interdependent in a way that competitive firms are not. d. Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues.