One effect of the Internet on business has been:
a. It has reduced start-up costs for many businesses.
b. It has decreased the types of goods that are available to consumers.
c. It has increased the prices of goods that are not purchased on the Internet.
Ans: a. It has reduced start-up costs for many businesses.
Economics
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In the above figure, when the price of pretzels is $3.00 per pound, the total producer surplus from all the pretzels will be
A) zero. B) greater than at any other price. C) less than at any other price. D) the sum of the difference between $3.00 and the marginal cost of all the pounds produced.
Economics
What are the three main types of markets for financial capital?
What will be an ideal response?
Economics