The rule of equating marginal benefit with marginal cost is a tool that can be applied to a wide variety of decisions, not just economics.
Answer the following statement true (T) or false (F)
True
Economics
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Why is market definition important for economic decision making?
A. Government regulators are interested in knowing the effect of mergers and acquisitions on competition and prices in a particular market. B A firm will define its market in order to maximize revenue. C. A firm is interested in knowing its actual and potential competitors. D. both A and C E. both A and B
Economics
A car insurance company pays 90% of the total damage in case of an accident. This is an example of ________
A) a coinsurance B) a dividend C) a brokerage D) a subsidy
Economics