The bargaining power of Transnational Corporations is likely to be greatest when they are looking for
a. specific natural resource
b. low-wage labor
c. marketing centers
d. licensing agreements
B
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With asymmetric information among consumers and positive search costs c, all the other firms in the market are charging a monopoly price Pm. A firm may lower its price
A) by less than c to attract more buyers when there are many firms in the market. B) by more than c to attract more buyers when there are many firms in the market. C) by less than c to attract more buyers when there are few firms in the market. D) by more than c to attract more buyers when there are few firms in the market.
Pizza at Home is a frozen pizza company that supplies several large grocery store chains. The managers of Pizza at Home are currently negotiating a four year contract with Saucy Pizza, a manufacturer of pizza sauce. Saucy Pizza will supply a specified quantity of canned tomato sauce to Pizza at Home over a four year period; however; Pizza at Home can ends its contract with Saucy Pizza at the end
of the first, second, or third years if Saucy Pizza does not supply quality tomato sauce. What can the manager of Pizza at Home do to avoid the end-game problem? A) Pay Saucy Pizza in full at the end of the third year. B) Offer a bonus to Saucy Pizza if they provide quality tomato sauce in all four years. C) Pay Saucy Pizza in equal installments at the end of each of the four years. D) Pay Saucy Pizza in full at the beginning of the first year.
The financing of U.S. export transactions, ceteris paribus
A) reduces U.S. interest rates. B) reduces the amount of foreign currency held by the Fed. C) reduces U.S. GDP. D) increases the amount of foreign currency held by U.S. banks.
These are the cost and revenue curves associated with a monopolistically competitive firm.
According to the graph shown, area B represents:
A. deadweight loss. B. producer surplus. C. profits earned in the short run. D. consumer surplus.