Typical structure characteristics of interest to Industrial Organization researchers include
a. Barriers to entry
b. Product differentiation among firms
c. The number and size distribution of firms
d. All of the above
d
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A recent purchaser of a bond that agrees to pay an annual nominal amount would hope that interest rates do not rise
Indicate whether the statement is true or false
In a Cournot oligopoly, if the demand curve is not linear, the firms' best-response curves ________ be downward sloping and ________ be linear.
A) will not; will not B) will; will C) will; will not D) will not; will
When prices are used as a rationing device, goods that are relatively more scarce than they used to be will have
A) greater demand. B) lower excess demands. C) higher prices. D) long queues.
The multiple by which the commercial banking system can increase the supply of money on the basis of each dollar of excess reserves is equal to:
A. the reciprocal of the required reserve ratio. B. 1 minus the required reserve ratio. C. the reciprocal of the income velocity of money. D. 1/MPS.