Firms bundle their products because:
A. it is technologically efficient to do so.
B. it can increase a firm's ability to extract consumer surplus.
C. it can increase a firm's profits.
D. All of these are reasons firms bundle their products.
D. All of these are reasons firms bundle their products.
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The increase in the demand for widgets, shown in the figure above, is the result of a decrease in the price of McBoover devices. Therefore
A) widgets and McBoover devices are substitutes. B) widgets and McBoover devices are complements. C) widgets are a normal good. D) McBoover devices are a normal good.
The cost to a firm of producing one more unit of output
A) usually exceeds the firm's price. B) is significantly less than the firm's price for purely competitive firms operating in long-run equilibrium. C) usually equals the firm's price for monopolistically competitive firms. D) is the firm's marginal cost.
What is intra-industry trade?
a. trade in different goods between two countries b. trade in the same company between countries c. trade in the same industry between two countries d. trade in different goods in different countries
Total cost schedule for a competitive firm: 
If market price is $60, what is the maximum profit the firm can earn?
A. $75 B. -$10 C. Zero profit, the firm shuts down D. $85 E. $80