Microsoft was charged with violating the antitrust laws not because it had a virtual monopoly in the form of its Windows operating system, but because it acted like a monopolist in trying to control the market for certain software applications
Indicate whether the statement is true or false
TRUE
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The table above shows the marginal costs and marginal benefits of college education. If 20 million students are enrolled, the marginal external benefit is
A) zero. B) $4,000. C) $5,000. D) $7,000.
By hedging a portfolio, a bank manager
A) reduces interest-rate risk. B) increases reinvestment risk. C) increases exchange-rate risk. D) increases the probability of gains.
Firms in an oligopoly market tend to have strategies that are ____ and have ____ barriers to entry. a. Independent of one another; high
b. Independent of one another; low. c. Interdependent with one another; high. d. Interdependent with one another; low
Which of the following activities would fall under the leisure category in labor-leisure indifference curve analysis
a. cutting your own lawn. b. cleaning your own garage. c. neither a or b. d. both a and b.