When there is a tendency for a particular product to fall out favor with additional consumers because other consumers have chosen not to purchase the product
A) negative market feedback occurs.
B) positive market feedback occurs.
C) the tit-for-tat strategy will begin.
D) the network effect will increase.
Answer: A
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Which of the following U.S. antitrust laws prohibits mergers through the acquisition of a firm's assets if the merger would lessen competition?
a. Clayton Act. b. Robinson-Patman Act. c. Celler-Kefauver Act. d. Sherman Antitrust Act.
Monopolists may in the long run
A. earn positive economic profit. B. be protected by barriers to entry. C. grow wealthy at the expense of their consumers. D. All of these responses are correct.
Which of the following is a difference between corporations and partnerships?
a. Partnerships are subject to double taxation; corporations are not. b. With partnerships, ownership rights are divisible and easily transferable; this is not true for corporations. c. Corporate owners face limited liability; owners of partnerships do not. d. Corporations always have more owners than partnerships.
In a condition of ______, price produces no change in quantity at all.
a. elastic supply b. perfectly elastic supply c. inelastic supply d. perfectly inelastic supply