All else equal, the decrease in the price of complementary products for the Apple Watch, such as Sensoria's wearable technology, would
A) shift the demand curve for the Apple Watch to the left.
B) shift the supply curve for the Apple Watch to the left.
C) shift the supply curve for the Apple Watch to the right.
D) shift the demand curve for the Apple Watch to the right.
D
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________ is an institution that receives contributions from workers and uses the funds received to invest in financial securities to fund retirement benefits
A) A mutual fund B) A pension fund C) A hedge fund D) An investment bank
A player can choose among three strategies: T, M, and B. Nevertheless, strategy B is dominated by strategy T. This means that
A) strategy T is always played. B) strategy B is never played. C) strategy B will be part of a Nash equilibrium. D) strategy M is never played.
Sheila sells corn in a perfectly competitive market. This month Sheila receives a lower price for a bushel of corn than she did last month. This might have happened because:
A. the market demand increased for corn. B. the market demand decreased for corn. C. firms exited the market. D. Sheila's costs have increased.
How does the principal-agent problem extend to managers and employees?
What will be an ideal response?