For the music industry, the rise of Internet file-sharing of music has:
A. Worsened the free-rider problem
B. Diminished or alleviated the free-rider problem
C. Reduced the options for musicians to have their music heard
D. Eliminated the problem of digital piracy
A. Worsened the free-rider problem
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Use the following graph to answer the question below.
At a quantity of 290, marginal benefit equals ________ and marginal cost equals ________.
A. $0.50, $1.60 B. $1.60, $1.60 C. $1.00, $1.00 D. $1.60, $0.50
With what measure does cyclical unemployment tend to move?
A. Per capita GDP growth rate B. Nominal GDP C. Inflation D. GDP deflator
Business success is largely dependent on
A) being a first mover. B) quality products. C) dynamic management. D) a global focus. E) many different things.
Assume firms break even in an industry. New firms ________ attracted to the industry and current ones ________ exiting it.
A. are not; are B. are; are C. are; are not D. are not; are not