Diseconomies of scale is a result of
A) mismanagement.
B) difficulties of coordinating and controlling a large enterprise.
C) specialization of labor, capital, and management.
D) technological progress.
E) larger fixed costs as the firm's production increases.
B
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Which of the following was designed to head off panics among market participants and forestall crashes like the ones in October 1929 and October 1987?
A. Program trading B. Circuit breakers C. Derivatives D. Volatility index
As individuals hold more of their financial assets in the form of money market accounts and mutual funds, the velocity of money will decrease
a. True b. False Indicate whether the statement is true or false
In the long run, a monopolistically competitive firm:
a. will earn normal profits. b. will earn excess profits. c. will earn no profits. d. will produce where marginal cost equals price.
Clothing retailers have faced greater competition in recent years as more firms have entered the clothing market. Some of the competition has come from foreign competitors, but much of it is domestic competition. As a result there is much competition in markets for many types of clothing and
A. individual buyers and sellers cannot affect the market price because it is determined by the market forces of demand and supply. B. there are relatively few buyers and sellers in the market, and one individual firm can determine the market price. C. firms have a great degree of flexibility in pricing their products because these products can be sold at a high profit level. D. there are no other implications.