The U.S. Postal Service has a monopoly over first-class mail delivery
a. because of economies of scale
b. because of its control of essential resources
c. because of its control over key patents
d. because of government-imposed barriers to entry
e. despite its very low fixed costs
D
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The opportunity cost of holding money varies with the __________.
Fill in the blank(s) with the appropriate word(s).
If the MPS is 0.25 and the MPC is 0.6, then the MPM
A. is 0.85. B. is 0.35. C. is 0.15 D. cannot be determined from the given information.
The primary goal of expansionary monetary policy is to:
A. decrease the interest rate B. increase the interest rate C. decrease the money supply D. increase government purchase
According to the Department of Justice merger guidelines, a proposed merger between two firms may be challenged if the post-merger Herfindahl-Hirschman Index
A) lies between 1,000 and 1,800 and the merger raises the Index by more than 100 points. B) lies above 1,800 and the merger raises the Index by less than 50 points. C) lies between 1,000 and 1,800 and the merger raises the Index by 50 points. D) lies below 1,000 and the merger raises the Index by 100 points.