In a competitive economy, the questions of what, how, and for whom to produce tend to be regulated by
a. the government.
b. businessmen.
c. the price system.
d. workers.
c
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"The concentration measures for the United States calculated by the Department of Commerce understate the degree of concentration in the newspaper industry." Do you agree? Explain
What will be an ideal response?
What is one reason suppliers might offer a discount for quantity purchases?
A) reduced storage costs B) lower marginal cost C) lower marginal benefit D) price gouging
When a firm wants to borrow directly from the public to finance the purchase of new equipment, it does so by selling shares of stock
a. True b. False Indicate whether the statement is true or false
Desired investment equals
A. Purchases of new plants and equipment plus desired changes in business inventories. B. Desired investment plus undesired investment. C. Desired changes in business inventories. D. Desired changes in business inventories less purchases of new plants and equipment.