Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and monetary base to rise.
b. Demand for real goods and services to remain the same and M2 money supply to remain the same.
c. Demand for real goods and services to remain the same and M2 money multiplier to rise.
d. Demand for real goods and services to rise and monetary base to remain the same.
.D
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Suppose there are 100 firms in an industry. If the leading firm has a 60 percent market share, the second largest firm has a market share of half the leader's, the third has a market share of half the second's, and the fourth largest has a market share of half the third's, what is the four-firm concentration ratio?
a. 75 percent b. 85 percent c. 95 percent d. 100 percent e. impossible because their combined market shares exceed 100 percent
Table 28.2 Firm AFirm BFirm CFirm DExternal Costs$0$________175$________Private Costs400250175200Social Costs________350$________250In Table 28.2, which firm has the greatest difference between social and private costs?
A. Firm A. B. Firm B. C. Firm C. D. Firm D.