A firm has an incentive to decrease supply now and increase supply in the future if it expects that
A) more firms will enter the market in the future.
B) the prices of inputs used to produce the product will rise in the future.
C) the price of its product will be lower in the future than it is today.
D) the price of its product will be higher in the future than it is today.
Answer: D
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Which of the following is(are) the main factor(s) spurring economic growth?
A. Improving technology. B. More and better capital. C. More and better labor. D. All of these cause economic growth.
A group of nations that grants member special trade privileges is
A) World Trade Organization. B) European Union. C) General Agreement on Tariffs and Trade. D) North American Free Trade Agreement.
The scandals involving Enron, World Com, Global Crossing and other large firms:
A. have resulted in a cry for less government regulation of public corporations. B. demonstrate that the government should be responsible for collecting and distributing financial information on firms. C. is what should have been expected on the part of investors, that is why there is a risk premium. D. are examples of asymmetric information and have led, at least temporarily, to a less well functioning stock market.
What is Supplemental Security Income?
What will be an ideal response?