Firms in a trust:
A. act as a single firm.
B. act in their own self-interests.
C. trust each other.
D. do not allow a small number of trustees to make decisions for participating firms.
Answer: A
You might also like to view...
What is meant by the statement "People trade, not nations."
What will be an ideal response?
Which of the following is an example of an "implicit cost"?
A) Interest that could have been earned on retained earnings used by the firm to finance expansion. B) The payment of rent by the firm for the building in which it is housed. C) The interest payment made by the firm for funds borrowed from a bank. D) The payment of wages by the firm.
A ________ monopoly is a market structure in which a monopoly producer sells to a monopoly distributor.
A) successive B) double C) dual D) two-stage
Consumption is
A. positively related to household income and wealth, interest rates, and households' expectations about the future. B. determined only by income. C. positively related to household income and wealth and households' expectations about the future, but negatively related to interest rates. D. negatively related to household income and wealth, interest rates, and households' expectations about the future.