How has organizing a successful firm in a market economy changed over the last century?
A) There has been no change one way or the other over the last century.
B) It has become more difficult to organize an efficient and successful firm.
C) It has become easier as more and more firms discover how to do it.
D) As government intervention has decreased, firms now have more freedom.
B
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________ was introduced in October 2008 to clean up banks
A) Liquidity facilities B) Wholesale funding C) TARP D) Fire sale
Suppose the demand function for cable TV service is given by QCTV = 15 - 0.25 × PCTV + 0.0005 × M + 0.3 × PSTV, QCTV is the quantity of cable TV demanded (thousands of households), PCTV is the price of cable TV, M is income and PSTV is the price of satellite TV service. Suppose consumers' income is $50,000 and the price of satellite TV service is $90. How many households would demand cable TV if it were free?
A. No households B. 15,000 households C. 67,000 households D. Every household would demand cable TV if it were free.