Which of the following is not a problem with subjective performance evaluations?
A. Shirking among supervisors
B. Use of influence to bias outcomes
C. Forced distributions of results by upper management
D. Ability to rank employees on a standard rating scale
Answer: D
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Which of the following is not one of the four anticompetitive activities outlined in the Clayton Act?
a. price discrimination b. exclusive buyer/seller contracts c. buying a competitor's voting stock d. buying a competitor's plants and equipment e. interlocking boards of directors
Based on the graph showing equilibrium output and price for a monopolist, if a monopolist is producing at Q2, it should ______.
a. reduce output to 0
b. reduce output to Q1
c. increase output to Q3
d. reduce output to QM
In the macroeconomic long run,
What will be an ideal response?
A firm switching from a single price to a price discrimination scheme will ________ the price for the group of consumers with a relatively elastic demand and ________ the price for the group of consumers with a relatively inelastic demand.
A. decrease; increase B. decrease; decrease C. increase; increase D. increase; decrease