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