The evidence on mergers occurring within the hospital industry suggests that
A) efficiency gains that resulted have been passed on to customers through lower prices.
B) the mergers have tended to not have any significant effect on hospital prices.
C) prices have risen slightly as some efficiency gains are passed on to customers after mergers.
D) prices have risen after mergers.
D
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Checking account balances are included in
A) M1 only. B) M2 only. C) both M1 and M2. D) neither M1 nor M2.
The government can help solve the information asymmetry problem by:
A. providing the missing information to the less-informed party. B. requiring the more informed party to reveal the missing information. C. finding ways to make the same amount of information known to both parties. D. All of these statements are true.
[Appendix: Advanced Material] Cross functional revenue management examines capacity, pricing, and customer account management in order to maximize revenue. If the MegaPlex Movie Theater finds that too often they have to turn customers away from their theaters at peak movie times for blockbusters creating too much slippage, cross functional revenue management suggests:
a. They could consider increasing the capacity of each theater to be able to seat more customers. b. They could lower the price at the peak times to reduce the problem of spoilage. c. They could stop showing blockbuster movies and select more critically acclaimed art films to decrease spoilage. d. They could stop showing movies at night.
The investment demand curve will shift to the left as the result of:
a. The availability of excess productive capacity b. Business pessimism about future economic conditions c. A decrease in business taxes d. An increase in the interest rate