If a hot dog manufacturer acquires a bakery that primarily bakes hot dog buns, you would likely see
a. Higher prices for the hot dogs but lower prices for the buns
b. Higher prices for the buns but lower prices for the hot dogs
c. Higher prices for both the hot dogs and the buns
d. Lower prices for both the hot dogs and the buns
d
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How is monopoly different from perfect competition?
A.In a monopoly, there is only one seller, who can set prices as he chooses. In perfect competition,firms have some control over prices, but not as much as monopoly.. B.In a monopoly, there is only one seller, who can set prices as he chooses. In perfect competition,firms are price takers. C.In a monopoly, there is more than one seller, but they can set prices as they choose.In perfect competition, firms are price makers. D.In a monopoly, they are always protected by government barriers, whereas in a perfectively competitivecompany, they have no such protection.
If demand decreases and supply increases in a market that is initially in equilibrium, then _____
a. the equilibrium price will always increase. b. the equilibrium quantity will always decrease. c. the equilibrium price will remain unchanged. d. the equilibrium quantity will remain unchanged. e. the equilibrium price will always decrease.
Refer to the information provided in Figure 7.7 below to answer the question(s) that follow. 
Figure 7.7Refer to Figure 7.7 above. If Roller Skates Unlimited moves from isoquant B to isoquant A, the number of roller skates produced
A. increases. B. decreases. C. remains constant, but Roller Skates Unlimited uses more capital and more labor. D. remains constant, but input prices have risen.
The business practice of looking for a firm that has best practices in an area and then emulating those practices is called
A. decision management. B. organizational architecture. C. competitive markets. D. benchmarking.