A firm that discriminates has ________ a nonprejudiced firm and ________
A) the same costs as; competes most often with imported goods and services
B) the same costs as; can successfully maximize profit in a competitive industry
C) lower costs than; drives other firms out of a competitive industry
D) higher costs than; cannot survive in a competitive industry
D
You might also like to view...
If the marginal benefit of getting a college degree rises, rational people will
A) drop out of college. B) not change their behavior. C) attend college in greater numbers. D) require that college get easier. E) raise the marginal cost of attending college.
Which of the following is a difference between an oligopoly with homogeneous products and an oligopoly with differentiated products?
A) There are a large number of sellers in an oligopoly with homogeneous products and there are a few sellers in an oligopoly with differentiated products. B) Firms in an oligopoly with homogeneous products earn positive economic profits in equilibrium, while firms in an oligopoly with differentiated products earn zero economic profits. C) There are huge barriers to entry in an oligopoly with homogeneous products, while there are no barriers to entry in an oligopoly with differentiated products. D) Firms in an oligopoly with homogeneous products earn zero economic profits in equilibrium, while firms in an oligopoly with differentiated products earn positive economic profits.
To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________
A) marginal social cost; marginal private cost B) marginal social cost; marginal social benefit C) marginal social benefit; marginal private cost D) marginal private cost; marginal private benefit
During the Great Recession, RGDP fell ______, but during the Great Depression it fell ______.
a. 4%; 27% b. 27%; 4% c. 50%; 90% d. 90%; 50%