The entry of AT&T and GM into the credit card business is an indication of
A) government's efforts to deregulate the provision of financial services.
B) the rising profitability of credit card operations.
C) the reduction in costs of credit card operations since 1990.
D) the sale of unprofitable operations by Bank of America and Citicorp.
B
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The Q-theory of investment is based on high investments being funded by high stock prices of a company
Indicate whether the statement is true or false
Dynamic tax analysis is an economic evaluation of tax rate changes
A) by the National Tax Institute in Burlington, Massachusetts. B) by various state governments. C) by the tax institutes established by a consortium of business schools. D) based on the assumption that tax base declines if tax rates continuously increase.
In the long run, a perfectly competitive market produces at ________, whereas the monopolistic competitive firm does not
A) the output at which the lowest average total cost of production is reached B) an output level at which positive economic profits exist C) zero economic profits D) the point at which MR = MC=ATC
A rising average cost implies that
a. marginal cost is equal to average cost b. marginal cost is above average cost c. marginal cost is below average cost d. none of the above