Which of the following is NOT a reason why some industries are oligopolies?
A) economies of scale
B) barriers to entry
C) independence in pricing behavior
D) mergers
Answer: C
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Economies of scale exist whenever long-run average costs:
A. decrease as output is increased. B. remain constant as output is increased. C. increase as output is increased. D. None of the statements is correct.
Trade adjustment assistance provides special unemployment benefits, loans, retraining programs, and other aid to workers and firms that are harmed by foreign competition.
Answer the following statement true (T) or false (F)
Refer to the table and information below. What is the net benefit of project D?
Assume that a government is considering a new social program and may choose to include in this program any number of four progressively larger projects. The marginal cost and the marginal benefits of each of the four projects are given in the table.
A. $1 billion
B. $3 billion
C. $4 billion
D. $20 billion
A rise in six-month LIBOR is good news to __________ in a swap contract
A) the fixed-rate payer B) the floating-rate payer C) both payers D) neither payer