A tech company loses a high-profile patent-infringement case against its top competitor. Which of the following is true?
a. Demand for the company's stock decreases, while the price of a share falls.
b. Demand for the company's stock decreases, while the price of a share rises.
c. Supply of the company's stock decreases, while the price of a share falls.
d. Supply of the company's stock decreases, while the price of a share falls.
a
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The production possibilities frontier is used by economists to depict
A) the strictly financial costs of production. B) the opportunity costs of production. C) the strictly financial benefits of production. D) the opportunity benefits of production.
Monopolistic competition means
A) monopolies from several countries compete in the global market. B) a large number of firms producing homogeneous products. C) a large number of firms producing differentiated products. D) few firms producing differentiated products.