Which of the following firms have no market power?
A. clothing companies
B. fast food chains such as McDonald's
C. theme parks
D. gold panners during the gold rush
Answer: D
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If the U.S. government places tariffs on imports from countries that have been accused of deliberately undervaluing their currencies, the price of these imports will ________ and the demand for the undervalued currency will ________
A) rise; fall B) fall; rise C) rise; rise D) fall; fall
When considering setting the transfer price at the market price of a product similar to the intermediate good that is already available on the market
a. It is appropriate to ignore that the market price includes a margin above marginal cost b. It is OK if the product on the market includes costly features your downstream division does not use c. Consider whether the product on the market is inexpensive because its quality is lower than you use d. if it is similar enough, it is justification for you producing it in-house
Although loans in the federal funds market are very short term, such as daily, the federal funds rate is stated as an annual rate of return
a. True b. False
Table 11-2 QTRTC89590910293 10110100 11112105 12115110 ? In Table 11-2, average cost at the profit-maximizing output is how much?
A. $5 B. $8 C. $10 D. $11