Pepsi and Coke have competed in the market for bottled water primarily on the basis of convenience and product differentiation as a means to avoid the negative effects on revenue that result from price competition
Indicate whether the statement is true or false
TRUE
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Because women have a longer average life span than men, they are paid
A) higher monthly retirement benefits by a defined benefit pension plan. B) lower monthly retirement benefits by a defined benefit pension plan. C) the same monthly retirement benefits by a defined benefit pension plan. D) the amount of monthly benefits paid to men and women by a defined benefit plan is determined by each company.
Whenever any firms in a concentrated industry merge, the Herfindahl-Hirschman Index: a. will rise
b. may rise or stay the same. c. may rise or fall. d. will fall.
If people did not deposit their money in banks, banks would
a. not be affected because banks do not rely on deposits to make loans b. have unused excess reserves that earn them no interest c. be able to expand the money supply by more than the money multiplier indicates d. disappear because they would have no deposits and could make no loans e. not be able to find new borrowers thus restricting their banking activity
A price system is considered to be efficient when
A. all resources are allocated to the highest-valued uses. B. firms produce more than what consumers want. C. an underground market develops. D. it fails to have the goods that consumers want.