After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are
a. Substitutes
b. Complements
c. Not related
d. None of the above
a
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“OPEC is exploiting the United States by selling us oil at inflated prices.” Agree or disagree.
What will be an ideal response?
The market for money is in equilibrium
A) only if the non-money asset market is in equilibrium. B) whenever the economy is at potential GDP. C) when the cyclical unemployment rate is zero. D) the Fed achieves its target for the expected inflation rate.
Article 102 of the Treaty on the Functioning of the European Union (TFEU) prohibits a dominant firm from doing all of the following except which one?
A) charging an unfair price B) price fixing C) making tying contracts or exclusive deals D) buying at a price that is unfairly low
The profit earned from selling an asset for more than you paid for it is called
a. capital gains. b. the real interest rate. c. depreciation. d. appreciation.