Restructuring of a major industry resulted from the:
A. U.S. Steel case.
B. AT&T case.
C. IBM case.
D. DuPont cellophane case.
Answer: B
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Pricing an option involves an application of all of the following except:
a. the Black-Scholes Model. b. the law of one price. c. the assumption that there are no unexploited profit opportunities. d. the assumed probability that the stock price will go up.
In general, a dry cleaner in a small town is ______________ likely to be unethical in his business practices than a dry cleaner in a large city. This is because the larger a percentage of the population one person is, the _____________likely that person will have to further engage with people he encounters
A) more; less B) less; less C) more; more D) less; more
Refer to the graph shown. If the firm maximizes profit, its daily output will be:
A. 30 units. B. 45 units. C. 20 units. D. 10 units.
Which of the following led a strong attack against mainstream macroeconomists during the 1970s?
A) Friedman and Phelps B) Hicks and Hansen C) Modigliani and Friedman D) Lucas, Barro, and Sargent