The ultimate market constraint on the exercise of market power
A. Is barriers to entry.
B. Is the demand curve facing the monopolist.
C. Is the ATC curve facing the monopolist.
D. Is marginal cost pricing.
Answer: B
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The main proponent of the conservative view on poverty is
A. William Julius Wilson. B. Barbara Ehrenreich. C. Charles Murray. D. Nicholas Lemann.
Which of the following is true about diversity of citizenship jurisdiction?
a) Diversity of citizenship jurisdiction means that many lawyers enjoy the higher status that comes in practicing before the federal bench b) Defendant' attorneys know that removal is common and that it will move the case along faster by filing in federal court to begin with c) Defense lawyers believe that there is sometimes a "home-court advantage" for a nonresident plaintiff who brings a lawsuit against an in-state in his local state court d) The Constitution established diversity jurisdiction because it feared that local courts would be generous toward people from other states.
According to the Zuckerberg, Seacrest, and Swift illustration:
A. Zuckerberg, Seacrest, and Swift did not weigh marginal benefits against marginal costs when making decisions. B. Attending college has little effect on lifetime earnings. C. Zuckerberg, Seacrest, and Swift made a mistake by not attending college. D. Opportunity costs vary greatly between individuals and matter in decision making.