Which of the following is TRUE?
a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other
b. After acquiring a substitute product, lower prices on both the products
c. After acquiring a complementary product, raise prices on both the products
d. None of the above
a
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The amount of interest owed on a loan of $100,000 after a year at an interest rate of 3 percent is:
A. $30,000. B. $103,000. C. $3,000. D. $100,300.
Medicare, Part A is
A. compulsory at a high premium. B. compulsory at a low premium. C. voluntary at a high premium. D. voluntary at a low premium.
The crowding-out effect is:
A. strongest when the economy is at full employment. B. strongest when the economy is in a deep recession. C. weakest when there is demand-pull inflation. D. equally strong, regardless of the state of the macroeconomy.
Why is it true that under monopolistic competition the price is above marginal revenue while under pure competition price is equal to marginal revenue?
What will be an ideal response?