Economists are skeptical about the degree to which predatory pricing is used because
a. "price wars" are rarely observed in actual markets.
b. when used as a warning to potential rivals, predation has minimal value.
c. buy-outs are less costly than predation and have no offsetting disadvantages.
d. firms can easily counter predation by "laying low" or borrowing funds.
d. firms can easily counter predation by "laying low" or borrowing funds.
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Barter occurs when
a. two people share everything b. one product is exchanged directly for another product c. money is used to buy goods d. money is exchanged directly for other money e. goods are used to buy money
An example of a foreign direct investment would be an Indian citizen purchasing U.S. Treasury notes
a. True b. False Indicate whether the statement is true or false
In the United States, traffic collisions have very low external costs.
Answer the following statement true (T) or false (F)
The Campus Crustacean Company receives $2 per box for its crawfish and is selling 1600 boxes to maximize its profits. What is the per-unit profit on a box of crawfish at the profit-maximizing level of output if the variable cost is $1 per box and fixed costs are $1200?
A. $1.25 B. $0.25 C. $1.00 D. $0.50