Refer to the diagram where the numerical data show profits in millions of dollars. Beta's profits are shown in the northeast corner and Alpha's profits in the southwest corner of each cell. If Beta commits to a high-price policy, Alpha will gain the largest profit by:
A. also adopting a high-price policy.
B. adopting a low-price policy.
C. adopting a low-price policy, but only if Beta agrees to do the same.
D. engaging in nonprice competition only.
B. adopting a low-price policy.
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If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to ___________, since the supply of Yen has__________
a. Appreciate; Decrease b. Depreciate; Decrease c. Appreciate, Increase d. Depreciate; Increase
Stockholders share in the profits of a corporation
a. in proportion to their years of stock ownership b. in proportion to their ownership of stock c. equally regardless of number of shares owned d. only if they participate in firm management decisions e. only if they attend stockholders' meetings
Real wages fall if prices increase more than nominal wages
Indicate whether the statement is true or false
An increase in U.S. sales of movies to other countries raises U.S
a. exports and so raises the U.S. trade balance. b. exports and so reduces the U.S. trade balance. c. imports and so raises the U.S. trade balance. d. imports and so reduces the U.S. trade balance.