The unique alphabetic name that identifies a listed stock is known as the:
a. stock's nickname.
b. stock's alpha sign.
c. ticker symbol.
d. alternative name.
e. fixed call number.
c
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The key feature of an oligopoly is that there
A) are many buyers and sellers. B) is one seller. C) exists product differentiation. D) are only a few sellers.
The owner of a perfectly competitive firm that is earning economic losses in the short run
A. is earning less than he would if he worked for someone else. B. should cut his own salary in order to reach the break-even point. C. should alter the rate of output in order to increase profitability. D. is actually losing more than he thinks because not all of the implicit costs have been considered.
Refer to the information provided in Figure 13.1 below to answer the question that follows.
Figure 13.1Refer to Figure 13.1. Of the following choices, Panel A best represents the demand curve for
A. insulin. B. a utility company. C. an individual producer of soybeans. D. none of the above
Samuelson's theory of public expenditure demonstrates that
A. government is inefficient and will always engage in too much spending. B. an efficient mix of public goods is produced when local land/housing prices and taxes come to reflect consumer preferences. C. an optimal (or most efficient) level of output exists for every public good. D. through government regulation of private industry, the optimal level of public good provision is achieved.