Strategic behavior occurs when:
a. there are a large number of firms selling identical products.
b. there is only one firm in the market.
c. the firms have no command over the prices of the good they produce.
d. the firms can take any decision irrespective of what their rival does.
e. what is best for a firm depends on what his rival does.
e
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If a government wishes to limit or prohibit fluctuations in exchange rates, it will choose:
a. to fix, or peg, the value of its currency to some base currency over a sustained period. b. to allow its currency to rise or fall in price, depending on a variety of supply and demand factors. c. to suspend purchases and sales of its currency. d. to allow the rate to be set by international banks.
Which region in the New World received the smallest share of slaves?
a. Brazil b. Colonial America c. Spanish America d. French Caribbean