The introduction of satellite television systems would cause the demand curve for cable television to be
A) more elastic.
B) less elastic.
C) perfectly inelastic.
D) unchanged.
A
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In the above figure, Jack's opportunity cost of producing 1 gallon of soda is ________ of bottled water
A) 2 gallons B) 1/2 of a gallon C) 6 gallons D) 1 gallon E) 1/4 of a gallon
Which of the following mergers would result from the purchase of a computer chip company by IBM?
a. A horizontal merger. b. A vertical merger. c. A conglomerate merger. d. An interlocking merger.
Monopolists have an advantage over competitive markets in receiving the full benefit of research and development efforts.
Answer the following statement true (T) or false (F)
Over time, the general movement in the United States has been toward
A. relatively more free trade. B. higher tariffs and stricter import quotas. C. managed trade. D. complete elimination of tariffs, import quotas, and export subsidies.