If the firm hires security guards to enforce a lockout, what are they implying?
a. They would always accommodate
b. They would always bargain hard
c. They would not accommodate
d. Both B&C
d
You might also like to view...
When you buy at a low price in one market then sell at a higher price in another market you are engaging in
A) arbitrage. B) price discrimination. C) odd pricing. D) an antitrust prohibited practice.
In? long-run equilibrium, the perfectly competitive firm will
A) go out of business.
B) produce to the point at which marginal cost is at its minimum.
C) produce to the point at which marginal cost equals average total cost.
D) produce on the upward sloping portion of its ATC curve.
The external marginal cost of producing coal is MCexternal = 6Q while the internal marginal cost is MCinternal = 4Q. The inverse demand for coal is given by P = 120 ? 2Q. How much output would a competitive industry produce?
A. 20 B. 8 C. 10 D. 15
People who are the most willing to pay high interest rates for loans may have bad credit ratings. This is an example of:
A. moral hazard. B. an experience rating. C. adverse selection. D. a negative spillover.