If a manager of a firm believes one of their firm's suppliers is engaged in cartel activity, the manager ________ an incentive to report the behavior because they can ________.
A) has; have to pay whistle -blower fees
B) does not have; receive treble damages
C) has; receive treble damages
D) does not have; have to pay whistle-blower fees
C) has; receive treble damages
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"If a natural monopoly is regulated using a marginal cost pricing rule, the firm makes zero economic profit." Is the previous statement correct or incorrect?
What will be an ideal response?
The price elasticity of demand for good x is defined as:
a. percentage change in px / percentage change in x. b. percentage change in x /percentage change in px. c. percentage change in x/percentage change in income. d. percentage change in x /percentage change in py.
Which of the following is most likely to be over consumed?
A. Sparkling water B. Tap water C. Bottled water D. Free water
We can calculate the GDP by adding the values added by each firm that produced the goods and services
a. True b. False Indicate whether the statement is true or false