Question 18
Which of the following is always illegal in the U.S.?
Question 19
The restaurant industry has a market structure that
comes closest to
Question 20
Which of these deals with asymmetry of information?
Question 21
If an increase in output by a firm imposes uncompensated
costs on other firms, these costs
are referred to as
Question 22
A firm can borrow at an interest rate of 5%. Its marginal
tax rate is 40%. What is its cost of debt?
Question 23
Which of the following is a condition required for the
practice of price discrimination?
Question 24
In the short run, a monoplist will shut down if it is
producing a level of output where marginal revenue is
equal to shortrun
marginal cost, but price is