Which of the following does not contribute to a firm maintaining a monopoly?
A. Mergers and acquisitions.
B. A patent.
C. Exclusive control of important resources.
D. The presence of many close substitutes for its product.
Answer: D
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Consumers choose their cellphone plans according to their needs and package features. This is an example of
A) importance of information to consumers' choices. B) importance of making personal budget. C) maximizing an objective that is subject to a constraint. D) minimize the cost of cellphone usage.
When the Fed raises the margin requirement on stock purchases, the price of stocks generally rises
Indicate whether the statement is true or false
The simple circular flow of income shows that the total income in an economy equals
A. total profits earned by firms. B. total expenditures. C. the total amount of money supplied by the government. D. all taxes paid by households.
If the risk associated with a company goes down, you would expect the price of its stock to
A. rise. B. fall. C. be unaffected. D. fall to zero.