The Age of the great industrial capitalist was
A. the first quarter of the 19th century.
B. the second quarter of the 19th century.
C. the third quarter of the 19th century.
D. the fourth quarter of the 19th century.
D. the fourth quarter of the 19th century.
You might also like to view...
In the Fable of the Bees, it was found that contrary to popular belief among economists, but consistent with the Coase Theorem
a. apple growers would pay bee keepers for pollination services. b. bee keepers would pay orchard owners for access to their flowering trees. c. apple growers and bee keepers would reimburse each other for increasing output. d. the transactions costs of negotiating prevented any agreements from being reached between orchard owners and bee keepers.
An export subsidy will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic national welfare
A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on
Suppose there are 100 firms of equal size currently sharing the market for peanut butter. If 12 of these firms merge, how much will the Herfindahl-Hirschman Index change?
a. increase by 144 b. decrease by 144 c. increase by 132 d. decrease by 132 e. increase by 232
In a natural monopoly, a firm has ______ over the relevant range of output with declining average total costs.
a. pure competition b. economies of scale c. illegal barriers d. twenty-year patents