Which of the following could not prevent a market from becoming perfectly competitive?
(A) High start-up costs.
(B) Problems accessing necessary technology.
(C) Lack of technological know-how.
(D) Excessive information.
Ans: (D) Excessive information.
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Explain why financial intermediaries are necessary to facilitate the movement of funds from savers to investors and how they provide benefits to both groups
What will be an ideal response?
In 1901, U.S. Steel was created through the ______________ merger of three steel firms. U.S. Steel combined Carnegie Steel, which had acquired iron ore and coal mines through previous _________ mergers, with National Steel and Federal Steel, both of which had strong __________ alliances
a. horizontal; backward vertical; forward vertical b. vertical; horizontal; backward vertical c. horizontal; horizontal; forward vertical d. vertical; forward vertical; horizontal
John is trying to decide whether to expand his business or not. If he continues his business as it is, with no expansion, there is a 50 percent chance he will earn $100,000 and a 50 percent chance he will earn $300,000. If he does expand, there is a 30 percent chance he will earn $100,000, a 30 percent chance he will earn $300,000 and a 40 percent chance he will earn $500,000. It will cost him $150,000 to expand. The difference in expected earnings if John chooses to expand versus not expand is:
A. $320,000. B. $200,000. C. $150,000. D. $120,000.
Other things being equal, an increase in wages paid to workers in firms making portable power banks will cause
A) the quantity of portable power banks demanded to increase. B) the quantity of portable power banks supplied to decrease. C) the supply of portable power banks to decrease. D) the demand for portable power banks to decrease.