When the price level falls, the ________ curve for nominal money ________, and interest rates ________, everything else held constant
A) demand; decreases; fall
B) demand; increases; rise
C) supply; increases; rise
D) supply; decreases; fall
A
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The European Union antitrust law focuses on which of the following?
A) efficiency B) furthering the social interest C) fairness D) the means to monopolize a market
One example of price discrimination occurs in the publishing industry when a publisher initially releases an expensive hardcover edition of a popular novel and later releases a cheaper paperback edition. Use this example to demonstrate the benefits and potential pitfalls of a price discrimination pricing strategy
Business owners who care only about maximizing profits are
a. at an advantage when competing against those who practice employment discrimination. b. more concerned about racial discrimination than gender discrimination. c. likely to be replaced by discriminating businesses. d. likely to discriminate against certain groups of workers.
Four firms control the market for a particular good, resulting in an HHI of 6,550. Total industry sales are $1,750, and it is known that one firm has sales of $1,400 and another sales of $175. If each of the remaining two firms has the same sales, then we can conclude that the remaining two firms each have a market share of:
A. $90. B. $200. C. 0.20. D. 6,550.