Product differentiation allows the firm to
a. raise price and lower quantity demanded
b. raise price without suffering a substantial loss of sales
c. shift the market demand curve to the left
d. shift the market supply curve to the left
e. decrease barriers to entry
B
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A war destroys much of the capital stock in the country of Omega. As a result, holding other factors constant, the real wage in Omega will ________ and employment in Omega will ________.
A. increase; decrease B. decrease; decrease C. increase; not change D. increase; increase
Life expectancy at birth in the United States has more than doubled since 1850
Indicate whether the statement is true or false
What makes advising on mergers and acquisitions particularly profitable for investment banks relative to other services that they provide?
What will be an ideal response?
An example of moral hazard is
a. A taxi driver paid per mile taking the shortest route b. a piece-rate garment worker shirking more than a per hour worker c. an hourly salesman working less hard than a commission salesman d. an author on contract going to as many book signings as one with a percentage royalty rate