The industrial organization economics perspective locates the source of competitive advantage at the
a. Individual firm level
b. Industry level
c. Both a and b
d. None of the above
b
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Joe's Taco Hut can purchase a delivery truck for $20,000 and Joe estimates it will generate a net income (after taxes, maintenance and operating costs) of $2,000 per year. He has no other opportunities. He should:
A. purchase the truck if the real interest rate is greater than 10%. B. not purchase the truck if the real interest rate is greater than 2%. C. purchase the truck only if the real interest rate is less than 2%. D. purchase the truck if the real interest rate is less than 10%.
A larger controversy of the financial crisis among both members of Congress and the general public had to do with the Fed's expanded role in the economy
a. True b. False
The way that people communicate with each other using their bodies
a. consideration b. body language c. communication d. charisma
Monopolies need some type of barrier to entry to keep potential competitors away.
Answer the following statement true (T) or false (F)