Bundling of complements to create value strategically usually leads to lower prices for the consumer, ________.
A. less volume sold, and lower profits
B. greater volume sold, and lower profits
C. greater volume sold, and greater profits
D. less volume sold, and greater profits
Answer: C
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Health insurance companies often charge high premiums because ________
A) they expect to attract high-risk individuals B) they expect to attract risk-averse individuals C) they expect to attract low-income individuals D) they expect to attract risk-neutral individuals
An economy's PPC illustrates the extent to which the economy consumes what it produces
a. True b. False Indicate whether the statement is true or false
When new firms enter a competitive price-taker market,
a. economic profits of existing firms will continue to be zero. b. entering firms will earn zero economic profit upon entry into the market. c. existing firms may see their costs rise as more firms compete for limited resources. d. prices will rise as existing firms raise prices to keep new firms out of the market.
Which of the following exemplifies a microeconomic question?
A. What is the current national rate of unemployment? B. Is the economy experiencing a decline in the rate of inflation? C. Will a new type of electronic reader or tablet increase the number of buyers? D. Is the aggregate output in the economy greater this year than last year?