Which of the following is a disadvantage of? corporations?
A. Longevity
B. Ability to raise capital
C. Liquidity
D. Reporting requirements
E. Limited liability
D. Reporting requirements
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If the demand curve for a product was vertical, then the elasticity of demand would be: a. equal to zero
b. equal to one. c. greater than one, but less than infinity. d. equal to infinity.
The primary rationale for antitrust policy is mistrust and an expectation of foul play
Indicate whether the statement is true or false
Refer to the above figure. Autonomous consumption equals
A. $5000. B. -$5000. C. 0. D. $25,000.
Answer the following questions true (T) or false (F)
1. An externality is an example of a market failure. 2. When products that create positive externalities are produced, at the market equilibrium output, the social benefit generated by consuming the product exceeds the private benefit. 3. An external benefit is created when you pursue a college education.