What is a company doing if it requires customers to buy multiple products from that company to obtain the one product that the customer truly wants?
(A) Practicing predatory pricing.
(B) Working around antitrust laws to gain control over the market.
(C) Engaging in nonprice competition.
(D) Using deregulation.
Ans: (B) Working around antitrust laws to gain control over the market.
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Who benefits from rising inflation?
A) those who already have fixed-rate loans B) those considering taking out a loan C) lenders that already made loans D) lenders considering whether to make new loans
Whether or not deficits create a burden depends on how and why the government incurred the deficits in the first place. Explain
Exhibit 10-6 Two-Firm Payoff Matrix
Assume costs are identical for the two firms in Exhibit 10-6. If both firms were allowed to form a cartel and agree on their prices, equilibrium would be established by:
A. Widget Co. charging the low price and Ajax Co. charging the high price. B. Widget Co. charging the high price and Ajax Co. charging the low price. C. Widget Co. charging the low price and Ajax Co. charging the low price. D. Widget Co. charging the high price and Ajax Co. charging the high price.
The supply of loanable funds slopes upward to the ______________________.
Fill in the blank(s) with the appropriate word(s).