Why don't we see firms tie-in the sales of fish filets with the sales of pencils?
A) because the demands for these two goods are positively correlated
B) because the demands for these two goods are negatively correlated
C) because the demands for these two goods are independent
D) It violates the Clean Food Act of 1908.
C
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The Lerner Index is a measure of market power that focuses on:
A) the ratio of the price of a firm's product to the price elasticity of demand for the product. B) the share of the market controlled by the X largest firms in the market. C) the sum of the squares of the market share of each firm in an industry. D) the difference between a firm's product price and its marginal costs of production.
Which of the following is not true with regard to mutual funds? a. Some mutual funds allow investors to invest in all stocks in a given market
b. Mutual fund returns are greater than those for an individual who selects his/her own stocks. c. They allow individuals to spread risk across many different companies. d. Investors gain access to the services of a financial expert.