Amazon's rise to become the world's largest online retailer was largely driven by:
A. an exclusive license granted by the U.S. government.
B. patents on online selling that keeps other firms out of the market.
C. far superior products than other online sellers could offer.
D. massive economies of scale in distribution logistics and data storage.
Answer: D
You might also like to view...
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
According to Arrow's impossibility theorem, all voting systems contain some inherent drawback that may prevent them from accurately capturing the preferences of the electorate in all circumstances
Indicate whether the statement is true or false
C = 4,000 + 0.5y
I = 1,500 G =2,250 NX = -150 Given the equations for C, I, G, and NX above, what is the equilibrium level of GDP (Y)?
The total utility of a good is equal to the marginal utility of the last unit consumed
a. True b. False Indicate whether the statement is true or false