Suppose that you have noticed that almost all of the car dealers in your city are located along a three-block stretch of the same street. A likely reason for this clustering of car dealers is that:
A. each dealer is attempting to locate closest to the customers.
B. each dealer sells a different brand of car, so they are not competitors and do not have to be concerned about the other dealers' locations.
C. there is a social norm in that city that dealers follow in choosing location.
D. the dealers are better able to form a cartel.
Answer: A
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The perfectly competitive firm will maximize profits if it produces and sells output at
A. A. B. B. C. C. D. K.
Lack of prudential regulation of capital markets in East Asia often led to
a. borrowing short term and lending long term b. borrowing and lending short term c. borrowing and lending long term d. borrowing long term and lending long term e. very little borrowing
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A) IS curve is vertical. B) IS curve is horizontal. C) LM curve is vertical. D) LM curve is horizontal.
Without government, the "for whom" question could not be solved.
a. true b. false