Which of the following can be a barrier to entry?
i. ownership of a necessary input
ii. requiring a government license
iii. large diseconomies of scale
A) i only
B) ii only
C) i and iii
D) i and ii
E) i, ii, and iii
D
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In the stock valuation formula "good news" affects both the numerator and denominator. Conventional wisdom on Wall Street is that the effect on the __________ is __________ the effect on the __________
A) numerator; less than; denominator B) numerator; greater than; denominator C) numerator; the same as; denominator D) None of the above.
Answer the following statement(s) true (T) or false (F)
1. Pecuniary costs occur when no money is involved. 2. The EPA was established by the Clean Air Act of 1970. 3. Transferrable pollution rights allow companies to sell pollution credits. 4. The Coase theorem was developed by a Nobel laureate. 5. The inefficiencies resulting from pollution control are eliminated by private negotiations.
When goldsmiths issued receipts to gold owners, and those gold receipts circulated while gold stayed in the goldsmiths' safes,
A) the gold receipts were considered money because they were used as a means of payment. B) an infant banking system developed in sixteenth century Europe. C) fiat money was created. D) money was invented. E) Both A and B are correct.
According to the above figure, the profit-maximizing output for this monopolist is found directly below the letter
A. P. B. N. C. M. D. R.