Which of the following is a barrier to entry?
A. Patents and licenses
B. Buyers' incomes
C. Close substitutes
D. Diminishing marginal returns
A. Patents and licenses
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Ways to "game" the budgeting process include
a. delaying sales if just short of a target b. accelerating expenses if just short of a target c. accelerating sales once a target is met d. accelerating expenses costs once a target is met
A decrease in the money supply might indicate that the Fed had
a. purchased bonds to increase banks reserves. b. purchased bonds to decrease banks reserves. c. sold bonds to increase banks reserves. d. sold bonds to decrease banks reserves.
How does the market mechanism answer the WHAT, HOW, and FOR WHOM questions?
What will be an ideal response?
The Herfindahl index:
A. measures the prices charged by oligopolistic manufacturers. B. is another name for the four-firm concentration ratio. C. tells us whether oligopolistic firms are engaging in collusion. D. gives much greater weight to larger firms than to smaller firms in an industry.