A 2000 ruling by a Federal court found that Microsoft:
A. Controlled 95 percent of the PC operating market and thus was an illegal monopoly
B. Used anticompetitive practices to maintain and broaden its monopoly power
C. Illegally lobbied members of Congress to obtain monopoly patents
D. Conspired to fix prices on its Windows-operating software
B. Used anticompetitive practices to maintain and broaden its monopoly power
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Which of the following gives rise to a negative externality?
A) Sudden increase in the price of wheat due to a fall in supply B) Sudden increase in the demand for diamonds leading to an increase in their price C) Deforestation leading to the extinction of many species D) Globalization leading to creation of many new job opportunities
If the budget deficit is $50 billion and the structural deficit is $10 billion, the cyclical deficit is
A) $10 billion. B) $60 billion. C) $50 billion. D) $40 billion. E) More information is need to answer the question.
Relative to private firms, we should expect public bureaus to be
a. smaller b. more cost-efficient c. less responsive to consumer demand d. more concerned with adopting new technologies e. more in tune with consumer desires
Jacob is torn between two jobs, grounds keeper and street repair. He is indifferent between the two jobs even though the street repair job pays $25 more per hour. This must mean that
a. grounds keeper is a less attractive job b. grounds keeper enjoys a compensating wage differential of $25 c. the demand for street repairmen is greater d. street repair enjoys a compensating wage differential of $25 e. the demand for grounds keepers is greater