In 2004, an example of cashless society is
A) U.S.S. Harry S. Truman.
B) United States.
C) Japan.
D) U.S. Universities.
A
You might also like to view...
The unregulated, single-price monopolist illustrated in the figure above has a total revenue of
A) $8.00 per day. B) $16.00 per day. C) $36.00 per day. D) $40.00 per day.
The maximum out-of-pocket is the
A. amount of covered expense that an insurance company will have to pay before the individual pays anything. B. percentage of a covered expense that an individual will have to pay (after the deductible is met). C. percentage of a covered expense that an insurance company will have to pay (after the deductible is met). D. most of covered expense that an individual will have to pay during a year.
A firm has a marginal cost of $20 and charges a price of $40. The Lerner index for this firm is:
A. 0.33. B. 0.50. C. 0.20. D. 0.75.
Answer the following questions true (T) or false (F)
1. A fundamental assumption in game theory is that players do not interact with each other. 2. In a Nash equilibrium, all players select non-dominant strategies. 3. Price leadership is a form of explicit collusion where one firm in an oligopoly announces a price change and expects all other firms to follow suit.