What percent of Internet access occurs via a mobile device?
A) More than 50 percent
B) More than 60 percent
C) More than 70 percent
D) More than 80 percent
E) More than 90 percent
Answer : A) More than 50 percent
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How has the severity and duration of business cycles changed over time in the United States?
What will be an ideal response?
All of the following are conditions which are favorable to the formation of cartels except
A) the existence of a small number of firms. B) geographic proximity of firms. C) homogeneity of the product. D) easy entry into the industry.
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly and Happy Cleaners has a lower cost of production than Sparkle Cleaners, in equilibrium, Happy Cleaners will produce ________ than Sparkle Cleaners and charge a price that is ________ Sparkle Cleaners.
A) more; the same as B) less; greater than C) less; the same as D) more; less than
A firm could lower prices and still increase revenue if
A) demand is elastic. B) elasticity of demand is equal to unity. C) demand is inelastic. D) elasticity of demand is equal to zero.