If in the market for peaches the supply curve has shifted to the left
A) the supply of peaches has increased.
B) the supply of peaches has decreased.
C) the quantity of peaches supplied has increased.
D) the quantity of peaches supplied has decreased.
Answer: B
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A monopoly can price discriminate between two groups of consumers if each group has ________
A) a large consumer surplus B) a different willingness to pay C) the same willingness to pay D) the ability to resell the good to the other group
How does a firm raise external funds through direct finance?
What will be an ideal response?
When a firm acquires another,
A) the acquired firm suffers a winner's curse. B) the acquiring firm may suffer a winner's curse. C) neither firm suffers from a winner's curse. D) a winner's curse only applies if a patent is lost.
In the context of analyzing economic efficiency, we can interpret the market supply curve to be showing:
A. The average cost of producing the product at each output level B. The marginal revenue from extra each unit of the product C. The average variable cost of producing the product D. The marginal opportunity cost to produce each unit of the product