Despite the monies spent by the federal and state governments, many observers believe which of the following?
a. public infrastructure such as bridges and roads is only adequate
b. our educational system is lacking
c. not enough monies are spent on homeland defense
d. all of these are correct
d
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In order to determine if a hypothesis is valid we must utilize a. qualitative analysis. b. empirical analysis
c. marginal analysis. d. average analysis.
Answer the following statements true (T) or false (F)
1) As a manager, one of your responsibilities is to avoid tacit collusion. 2) If a firm receives treble damages, they are being paid a monetary reward for reporting cartel activity. 3) All else equal, it is more profitable to produce a differentiated product rather than an identical product made by a rival firm. 4) As a manager of a firm that produces an identical product as your rival, it is economically profitable to compete on price. 5) As a manager in an oligopolistic market, it is critical to take into consideration your rivals' best responses to your decisions.