Mergers may result in
A) anticompetitive behavior.
B) more efficient production.
C) fewer firms in a market.
D) All of the above.
D
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The interest rate that banks pay for borrowing overnight from other banks is called:
a. bank rate. b. target rate. c. federal funds rate. d. real interest rate. e. prime lending rate.
Disappointed with problems caused by being a recipient of foreign aid from donor governments, the country of Upsilon should consider
a. refusing all future offers of aid b. privatizing of aid, such as receiving funds from private not-for-profit agencies c. becoming a donor instead d. seeking even more government-sponsored aid e. All of the answers are correct
Suppose two demand curves intersect and so have a point in common. At that point, demand shown by the steeper curve will be ________ the flatter curve.
A. as elastic as B. more likely to be unit elastic than C. more elastic than D. less elastic than
Monopoly power ________ guarantee a profit for a producer because ________ may be too low for the product.
Fill in the blank(s) with the appropriate word(s).