The European Union policy almost automatically presumes that a single firm with a market share that exceeds ________ percent is dominant.
A) 30 B) 50 C) 75 D) 80
B) 50
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In the 1870s, excess capacity in the railroad industry led to:
a. rates wars. b. the formation of regional federations to pool traffic or profits. c. price-fixing. d. hidden rate-cutting through rebates. e. All of the above.
When the rate of growth of per capita income of poorer countries is higher than that of richer countries, it leads to economic convergence
a. True b. False Indicate whether the statement is true or false
If the economy is booming, which of the following would most likely happen?
a. The sale of durable goods will remain constant. b. Investment expenditures will remain constant. c. The sale of nondurable goods will soar. d. Investment expenditures will soar.
Consider the monopoly in the figure below with price regulated at $20 per unit. The deadweight loss under the regulated price is: 
A. $1,350. B. $150. C. $2,300. D. There is insufficient information to compute the deadweight loss at the regulated price.