Which of the following could create a cost advantage for a? monopoly?
A) better technology
B) lower friction due to better organization
C) standardization
D) All of the above
Ans: D) All of the above
You might also like to view...
A numerical target that companies must meet for the hiring of minorities is called a(n)
A) subsidy. B) quota. C) audit. D) allotment.
Some time ago the government of China required many highly skilled technicians and scientists to engage in unskilled agricultural labor in order to develop "proper social attitudes." This policy probably caused China to produce
A) at an inappropriate point along its production possibilities frontier. B) outside its production possibilities frontier with respect to food, but inside with respect to high-technology goods. C) inside its production possibilities frontier with respect to food, but outside with respect to high-technology goods. D) inside its production possibilities frontier.
The rate of interest at which a project's NPV is exactly zero is called its:
A. equilibrium rate. B. internal rate of return. C. break-even rate. D. zero net rate.
The Social Security system works exactly like any private retirement trust system
a. True b. False Indicate whether the statement is true or false