Which of the following is NOT an example of a good with network economies?
A. Internet service
B. A computer printer
C. A cell phone
D. Facebook
Answer: B
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Coca Cola and Pepsi, which together account for about 85 percent of the soft drink market, are best described as being in
A) a monopoly market. B) an oligopolistic market. C) a perfectly competitive market. D) a monopolistically competitive market.
A doctor pursuing the interests of his patients rather than his own interests is an example of the principal-agent problem
Indicate whether the statement is true or false
Studies by the World Bank have underscored the successes of countries that have adopted trade liberalization policies
a. True b. False
Consumer surplus can be measured as the area between the demand curve and the supply curve
a. True b. False Indicate whether the statement is true or false