One of the strongest reasons that oligopolies exist is due to
A) the homogeneity of their products.
B) marginal cost pricing.
C) lowest cost production.
D) economies of scale.
D
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The maturation date of a bond is the date at which:
A. the principal will be repaid. B. dividend payments will be made. C. taxes on the bond are due. D. coupon payments will be made.
Black markets only exist in developing nations
Indicate whether the statement is true or false
Which of the following is true of The Invisible Hand Theorem?
A. There can be no taxes of any kind. B. The slope of the production possibilities curve is not affected by movements along the production contract curve. C. Monopoly pricing will not distort efficiency as long as consumers are willing to pay the prices of the monopolists. D. Any position on the consumer contract curve can be efficient.
The marginal cost of medical care to the patient is zero under:
A. government-sponsored health care coverage. B. an HMO. C. first-dollar health insurance coverage. D. no circumstances.