Profit maximization
A) makes a firm become as large as possible.
B) makes a firm remain small in the long run.
C) increases the likelihood that a firm will survive.
D) leads a firm to become the target of a takeover.
C
Economics
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Pick the scarce good below with the completely inelastic demand curve
A) Clean air B) Clean water C) Tropical rain forests D) Well-maintained national-forest fisheries E) Trick question: none of the above goods have a completely inelastic demand curve.
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A divisive society is a nonexcludable public _____________ because it comes with ____________
A) good; utility B) bad; disutility C) bad; utility D) good; disutility
Economics