The owners of professional sports teams, such as those in the NFL, make collective decisions and agreements about sharing merchandising and television revenue, adding or disallowing expansion teams, and the scheduling of games. These decisions and agreements reflect that of a
a. monopoly
b. cartel
c. conglomerate firm
d. vertical merger
e. competitive industry
B
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Deposit made by the public into a savings account are referred to as:
A) current deposits. B) stockholders' equity. C) demand deposits. D) overdraft.
A bureaucrat at a public utility commission hearing testifies that the local area telephone monopoly is able to maximize its revenue. For that reason the rate-hike request should be denied
What will be an ideal response?
Suppose everyone in a town prefers spending on improved public transportation systems instead of public parks, and prefers spending on public parks instead of building a public zoo. An ideal voting system would ensure that:
A. public transportation spending could beat zoo funding. B. zoo funding could beat public transportation. C. public parks could beat transportation spending. D. zoo funding could beat public parks.
Jonathan likes to consume pizzas and burgers. If both the goods have diminishing marginal utility, then Jonathan's indifference curve is likely to be _____
a. a straight line b. downward sloping c. L-shaped d. U-shaped