XM Satellite Radio and Sirius Satellite, who are the only major satellite radio companies serving the United States, were given permission in March of 2008 by the Justice Department to merge
Can you think of any reasons why there was no real worry about monopoly power?
It's always important to properly define the market. Even if the merger results in one satellite company that does not mean that the firm has a monopoly. After all, there are plenty of substitutes for satellite radio. Also it is likely that mobile phones with Internet connections will be able to offer the same kind of service in the future and may represent new competition as well.
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The money market is in equilibrium when there is no excess supply of or excess demand for bonds
a. True b. False
The marginal productivity theory is irrelevant to organizing production in a socialist society
a. True b. False Indicate whether the statement is true or false
In the short run the individual competitive firm's supply curve is the segment of the:
A. marginal cost curve lying between the average total cost and average variable cost curves. B. average variable cost curve lying below the marginal cost curve. C. marginal cost curve lying above the average variable cost curve. D. marginal revenue curve lying below the demand curve.
In the above table, the marginal cost of the ninth unit is
A. $5.00. B. $7.00. C. $6.00. D. $4.00.