When economists use the term "money" they just mean anything that has value to the public.

a. true
b. false

Answer: b. false

Economics

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The _____ keeps decisions at the divisional level that would be sent to headquarters in a _____

a. matrix organization; M-form firm b. U-form; M-form firm c. U-form; matrix organization d. M-form; U-form firm

Economics

Which of the following can allow oligopoly firms to reap monopoly profits?

a. Use of advanced technology b. Formation of cartels c. Independent decision making d. High investment in advertising

Economics