Industries may be oligopolistic due to barriers to entry.
Answer the following statement true (T) or false (F)
True
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Open market operations are when the Fed buys or sells
A) government securities from the government. B) corporate securities from banks or some other business. C) government securities from banks or some other business. D) corporate securities from the government. E) gold.
Which of the following is not a shortcoming of the concentration ratio as a measure of the extent of competition in an industry?
A) Concentration ratios are calculated for the national market, even though the competition in some industries is mainly local. B) Concentration ratios do not address the fact that competition sometimes exists between firms in different industries. C) Concentration ratios assign weights to only the four largest firms in an industry. D) Concentration ratios do not include sales in the United States by foreign firms.
Economies and diseconomies of scale are the reasons why short-run average total cost decreases and then increases
a. True b. False Indicate whether the statement is true or false
A pizza shop owner who needs to buy a new pizza oven is trying to decide between two different used ones. Whichever oven he buys, it will generate $6,000 net revenue per year. But the older pizza oven has a useful life of only 3 years and the newer oven has a useful life of 5 years. If the interest rate is 7% per year, what is the difference in value between the two ovens? (Assume that each
year's revenue is received at the end of the year.) a. 413.25 b. $10,892.99 c. $15,745.90 d. $24,601.18 e. $8,855.29