A change in the price of a competing product will shift demand.
a. true
b. false
a. true
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For monopoly
A) the four-firm concentration ratio is 100. B) the Herfindahl-Hirschman Index is 10,000. C) there is only one firm in the industry. D) All of the above answers are correct.
The major advantage of the corporation is
A. limited liability for owners. B. greater profit incentive than the other forms of business organization. C. lower taxes for owners, who are taxed only once. D. ability of owners to have hands-on management of the firm.
For some investors, derivatives can be attractive financial assets to purchase because
A. these assets can be used to offset the possibility of another risk faced by the investor. B. these assets allow an investor to eliminate the risk that they face entirely. C. they provide high returns with a very small investment. D. they are easier to sell than common stock.
Which of the following would be strictly a microeconomic topic?
a. a general rise in interest rates b. a drop in inflation c. an increase in total production in the United States d. a drop in the nation's unemployment rate e. an increase in the price of the Ford Taurus