Which of the following would be a private cost of smoking to a cigarette smoker?
a. cost to a private firm of the higher health insurance premiums due to the hiring of a smoker
b. cost to a private firm of the reduced productivity of a smoker, who misses days of work as a result of smoking
c. cost to the city of extra park lawn cleanup due to the presence of cigarette butts
d. price of a pack of cigarettes
e. cost to the government to pay the hospital expenses of indigent private smokers
D
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The song "Happy Birthday" is likely protected
A) as a trade secret. B) with a patent. C) under copyright law. D) in a trust.
Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a differentiated oligopolist in a highly concentrated industry?
A. Subway Sandwiches. B. Pittsburgh Plate Glass. C. Ford Motor Company. D. Kaiser Aluminum.