Which of the following is a subtle way for a company to reassure their competitors that it is committed to a tit-for-tat strategy?
A. Setting prices below cost
B. Price-matching guarantees
C. Collusion
D. Offering a commitment strategy
B. Price-matching guarantees
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If farmers operating in the competitive wheat industry are incurring losses, and are not kept in business with government subsidies, which of the following will result?
A) Price and quantity produced will both increase in the long run. B) Resources will be reallocated out of the wheat industry into more productive uses. C) Farmers will run economic losses indefinitely, if they are rational. D) The supply of wheat will fall to near zero and the U.S. will become dependent on foreign suppliers of food.
Because of their relatively small national economies, which of the following is most likely considered to be the most important factor for Belgium, Korea, and Canada to take full advantage of specialization?
A. division of labour B. international trade C. economies of scale D. command economy
Refer to the following nonlinear model which relates W to P, Q, and R:W = aPbQcRdThe computer output form the regression analysis is: 
Based on the info above, if R decreases by 12% (all other things constant), W will
A. increase by 6%. B. increase by 72%. C. decrease by 72%. D. decrease by 6%.
The issue of the separation of ownership and control is concerned with the fact that:
A. many small proprietorships are actually controlled by large corporations. B. major decisions in large corporations are generally made by professional managers rather than the owners of the corporation. C. most farms are owned by landlords who do not live on the farms. D. politicians pass laws to control corporations, but since corporations cannot vote, they cannot protest such control.