Stock prices are:
A. unrelated to the value of the company issuing the stock.
B. determined by market transactions.
C. set by the company issuing the stock.
D. set by the central bank.
Answer: B
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In a monopolistically competitive market if the additional revenue generated from advertising equals the additional cost of advertising, the firm should
A) advertise more to increase sales. B) advertise more to lower marginal costs. C) maintain its current amount of advertising. D) advertise less to decrease costs.
The following is not associated with bid-rigging
a. bid-riggers bidding their true value b. "knockout" auctions c. bid rotations d. amnesty to the first conspirator willing to testify against fellow conspirators
Which of the following statements concerning perfect competition is not true?
a. Firms are price takers. b. The demand curve facing an individual firm is horizontal. c. A firm's demand curve is identical to its marginal revenue curve. d. The firms produce differentiated products. e. If a firm raises its price, it will lose all of its customers.
Suppose the economy of Catalania is experiencing a recession and policy makers decide to implement an expansionary monetary policy. It takes more than a year to implement the recommended policy measures. This is an example of a(n): a. liquidity trap
b. wage-price spiral. c. administrative lag. d. operational lag.