Product-specific services are most likely to be valuable for which of the following goods?
A) a broom
B) a lawn tractor
C) a shovel
D) a lawn rake
B) a lawn tractor
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
If diseconomies of scale are present and the firm ________ all its inputs, its output ________
A) doubles; more than doubles B) doubles; less than doubles C) increases; increases by the same percentage D) halves; doubles
In a repeated game, deterring entry
A) is not possible. B) is not a rational strategy if money is lost fighting the first potential entrant. C) may require losing money fighting the first potential entrant. D) cannot form a subgame perfect Nash equilibrium.
If a small unit tax is imposed on this market, the effect of this tax on the price suppliers receive will be greatest when: a. d is small and b is large
b. d and b are both small. c. d and b are both large. d. d is large and b is small.