Supplier power tends to be low when
a. Suppliers are less concentrated
b. Inputs provided by the supplier are not vital
c. Inputs are less differentiated
d. All the above
d
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If the Fed wanted to increase the money supply, they could:
A. decrease the reserve requirement, reducing the reserve ratio. B. increase the reserve requirement, reducing the reserve ratio. C. increase the reserve requirement, increasing the reserve ratio. D. decrease the reserve requirement, increasing the reserve ratio.
The owners of a corporation are
A) the employees of the firm. B) the shareholders. C) completely in control of the firm. D) taxed only once.
If consumers believe the price of tablet computers will increase in the future, this will cause the demand for tablet computers to decrease now
Indicate whether the statement is true or false
If the firms in a market reach an agreement about pricing and output shares, we would call this
A. a cartel. B. a dominant strategy. C. a Nash equilibrium. D. a duopoly.