Today, the Dow Jones Industrial Average
A) consists of 30 stocks.
B) is a set group of stocks that remains constant over time.
C) contains stocks that are widely held by institutional investors and individuals.
D) contains both stocks and bonds of large American companies.
E) a and c
E
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If a cartel firm is producing a quantity at which the marginal revenue is equal to the marginal cost, the firm ________.
A) is producing less than the agreed upon quantity B) is not producing the agreed upon quantity C) has not acted in self-interest D) has erected a barrier to entry
All else equal, the ________ the pool of buyers who can be fooled once by false advertising, the ________ profitable it is to falsely advertise.
A) larger; less B) smaller; more C) larger; more D) greater; least
Supplier power tends to be higher when
a. Suppliers are concentrated b. There are high costs to switching between suppliers c. Both A&B d. None of the above
Congressional studies report that Medicare payments fall 11 percent below the cost of treating patients while private insurance patients pay 29 percent more than cost. This phenomenon is called
a. price discrimination. b. theMedigap. c. cost-shifting. d. cost-plus pricing. e. revenue enhancing.