Refer to Figure 9.9. At free trade, domestic producer surplus would be
A) $2,500.
B) $50,000.
C) $1,250,000.
D) $2,500,000.
E) $20,000,000.
C
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An example of organizational architecture based on production of intermediate products is when divisions are defined as
a. R&D, Engineering, Production, Marketing, Sales b. Component 1 Plant, Component 2 Plant, Component 3 Plant, Final Assembly c. Store 1, Store 2, Store 3, Region A, Region B, Sales Division d. Business Customers, Educational Customers, Household Customers
Rent seeking is the term given
a. to an attempt by firms to create a profitable monopoly even though resources may be wasted in the process. b. to filing a lawsuit, which wastes resources, in the hope of obtaining monetary gain or a strategic market position. c. to attempts by firms to obtain earnings without contributing to production. d. All of the above are correct.