Question 31
When several independent firms form a temporary
network to take advantage of a shortterm
business opportunity, the result is called a
Question 32
The threat of new entrants would be higher under which
of the following conditions?
Question 33
Which of the following made monopolization and restraint
of trade illegal?
Selected Answer: Sherman Act
Question 34
Which of the following is a characteristic of both
monopolistic competition and perfect
competition?
Question 35
Antilock brakes, airbags, and seatbelts increased the
number of accidents while
simultaneously decreasing the number of fatal accidents.
Why does this happen?
Question 36
An individual must decide whether or not to pursue a
business opportunity. If he does