The imposition of a domestic content requirement by the United States would cause consumer surplus for Americans to
a. rise.
b. fall.
c. remain unchanged.
d. impose downward pressure on wages of workers.
b. fall.
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When setting optimal levels of product availability in practice, it is important to
A) obtain a reasonable estimate of the cost of stocking out. B) obtain a very precise estimate of the cost of stocking out. C) focus on the most responsive production method, even if it is not low cost. D) develop a preset target of product availability.
Which of the following statements best describes the modern view of marketing?
A. It consists mainly of advertising and personal selling. B. It is only necessary for profit-oriented firms. C. It anticipates customer needs. D. It begins as soon as products are produced. E. It is emphasized more for firms that don't rely on e-commerce.
The basic earning power ratio (BEP) reflects the earning power of a firm's assets after giving consideration to financial leverage and tax effects.
Answer the following statement true (T) or false (F)
To acquire monopoly power in its market, Global Condiments, Inc, sets its prices substantially below the normal costs of production. Under antitrust law, this is A) a per se violation
B) a violation if the firm's competitors set similar prices.? C) a violation if the firm thereby acquires monopoly power. D) not a violation.