Competition is present when
A) subsidies assure that inefficient firms remain active in the market.
B) there is little incentive to introduce new products and discover better ways of doing things.
C) the market is characterized by rising prices and declining product quality.
D) freedom of entry and rival firms are present in a market.
D) freedom of entry and rival firms are present in a market.
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What would not lead to an overall decrease in demand for air travel in the U.S.?
A) The fear of future terrorist attacks B) News of lengthy security delays at airports C) An expected decrease in airfares D) A substantial increase in bus and passenger train fares
Generally with bond ratings, the higher the rating, the ________ the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) higher; higher B) lower; lower C) higher; lower D) lower; higher
IBM undertook a massive restructuring program to decentralize into six smaller decision-making groups in order to reduce economies of scale
a. True b. False
Which of the following is NOT an underlying characteristic of a smart group?
a. Aggregation b. Diversity of opinion c. Interdependence d. Decentralization