Currently major telecommunications companies are more insulated from competition than they were in the times leading up to passage of the Telecommunications Act of 1996
Indicate whether the statement is true or false
F Competition for wireline companies looms from wireless companies and both such companies face competition from Internet telephony.
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The supply curve is influenced by
A) the income of consumers. B) the number of customers in the market. C) the prices of the inputs required to produce the product. D) the expectations of future profit.
Which of the following is the formula for the marginal product of labor?
A. F(L) - F(L - ?L) B. F(L)/L C. F(L)/?L D. [F(L) - F(L - ?L)]/?L
Which of the following best explains why productive workers can command high wages?
a. the bargaining power of labor unions. b. the presence of minimum wage legislation. c. wage and price controls that reflect the political power of labor organizations. d. competition among employers for productive workers.
The expected real interest rate (r) is equal to
A. nominal interest rate minus inflation rate. B. nominal interest rate plus expected inflation rate. C. expected nominal interest rate minus inflation rate. D. nominal interest rate minus expected inflation rate.