The AD curve shows that as price increases, amount demanded will _________.
Fill in the blank(s) with the appropriate word(s).
Answer: decrease
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Would an economist consider clean air a scarce resource? Explain
What will be an ideal response?
In an oligopoly, output is
A) less than the output in monopoly. B) greater than the output in perfect competition. C) in all circumstances the same as the output in perfect competition. D) somewhere between the output in monopoly and that in perfect competition outcomes. E) in all circumstances the same as the output in monopoly.
Interlocking directorates are illegal under the Clayton Act
a. True b. False Indicate whether the statement is true or false
The basic incentive problem associated with internal transfers is that:
A. divisional managers have only public information about opportunity costs. B. divisional managers have private information about opportunity costs. C. senior management make all information about opportunity costs public. D. senior management have private information about opportunity costs.