Which type of analyst should generally outperform market index according to the Efficient Markets Hypothesis?
A) technical analysts
B) fundamental analysts
C) those that follow the random walk
D) none of the above
D
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A profit-maximizing monopolist will receive zero profits when
A) the average total cost curve lies above the demand curve for all possible rates of output. B) the average total cost curve is tangent to the demand curve at the profit maximizing price. C) marginal revenue, marginal cost, and average total cost are all equal. D) a second firm enters the industry.
Price discrimination occurs when a monopolist charges
a. both c and d b. different prices to different buyers for different products c. different prices to different groups of buyers, based on differences in the cost of providing the commodity to the buyer d. different prices to different groups of buyers for reasons unrelated to the cost of providing the commodity to the buyer e. all buyers the same price for the same product
The supply and demand mechanism will bring an international market into equilibrium a. at a price below the domestic price in an exporting country
b. where domestic supplies are less than domestic demand in an exporting country. c. with an exporting nation's price higher than the importing nation's price. d. when the quantity of exports supplied by the exporters beyond their domestic consumption is equal to the quantity of imports demanded by the importers.
If the government grants a patent to Firm A for the production of Good A, then the market for Good A will be: a. an oligopoly
b. a monopoly. c. perfectly competitive. d. a duopoly.