Gains from trade means that all trading nations must be made better off
Indicate whether the statement is true or false
F
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Refer to Market Diagram. What area represents the producer's surplus earned in the monopoly equilibrium?
The following questions refer to the accompanying market diagram. PC and QC are the equilibrium price and quantity if the firm behaves competitively, and PM and QM are the equilibrium price and quantity if the firm is a simple monopoly.
a. Area A + C + F.
b. Area C + F.
c. Area C + D + F + G.
d. Area C + D + E.
Briefly review the history of antitrust legislation in the United States
Government agencies may fail to identify anticompetitive behavior ifÂ
A. competitors have been forced out of business due to inefficient production and the inability to keep prices low. B. dominant firms raise prices to keep rivals competitive. C. cartel members decide to disinherit a member firm. D. Wall Street supports lower prices.
Paul has started a small software company and has used his personal savings and personal loans from banks and relatives so far. However, a substantial amount of money is still needed to fund expansion if Paul's company is to have a chance to grow and succeed. Briefly describe four different sources of capital, and explain which one you think Paul will use.
What will be an ideal response?