A horizontal merger can lead to all of the following except which one?
A) a monopoly
B) a decrease in the total surplus
C) a perfectly competitive market
D) a deadweight loss
C) a perfectly competitive market
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The figure above gives your budget line for magazine and CDs per month. Given that your income equals $60 per month, what is your real income in terms of CDs?
A) 3 CDs B) 5 CDs C) 6 CDs D) $60/month
A firm acting as a price leader would never reduce market price because this would clearly make all of the firms in the market worse off and defeat the purpose of having a firm act as the price leader
Indicate whether the statement is true or false
How much people plan to consume at various levels of disposable income is known as
A. dissaving. B. the consumption function. C. investment. D. aggregate demand.
Which of the following nations was the world's largest exporter in 2012?
A. Germany B. The United States C. Japan D. China