Corporate takeovers of a firm occur
A. when one firm’s market share for their product goes to zero.
B. when a group acquires sufficient stock in a firm to take control of the firm’s operations.
C. when a new chief executive officer replaces the previous chief executive.
D. when a corporation issues new shares of stock.
Answer: B
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Refer to Table 2.3. Assume that 2010 is the base year. Real GDP in 2007 is
A) $490.00. B) $568.00. C) $580.00. D) $671.00.
"Price discrimination is the same as price differentiation." Do you agree or disagree? Why?
What will be an ideal response?
Monopolies exist for each of the following reasons, EXCEPT:
a. competitors are legally unable to challenge them. b. they have control over resources with very few good substitutes. c. it is sometimes inefficient to have competition in certain markets. d. it increases both producer and consumer surplus.
One reason to expect higher growth under planned socialism
a. material balance planning b. the dictator's use of coercion c. growth based pricing policy d. the dictator worries about consumption e. the dictator can set a high investment rate