When two _____ monopolists merge, one division of the newly merged company will transfer its output to another division at its actual cost, instead of its profit maximizing price
a. price discriminating
b. natural
c. output rationing
d. successive
D
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The Federal Trade Commission is an agency charged with
A) regulating interstate commerce. B) enforcing product safety laws. C) regulating international commerce. D) enforcing antitrust laws.
Gwen has decided to start her own photography studio. To purchase the necessary equipment, Gwen withdrew $2,000 from her savings account, which was earning 3% interest, and borrowed an additional $4,000 from the bank at an interest rate of 7%. What is Gwen's annual opportunity cost of the financial capital that has been invested in the business?
a. $60 b. $280 c. $340 d. $660
If real interest rates are too low
A. There will be excess demand in the loan able fund market B. Nominal interest rates will have to rise C. There will be excess supply in loan able funds market D. Inflation must be increase E. The GDP deflator has not been append yet
Which of the following scenarios can cause cost-push inflation?
A. an increase in net taxes B. a major union wage settlement that increases average wage levels C. a decrease in real interest rates D. an increase in government purchases