A firm that produces its own output is engaging in ________ integration, while a firm that markets its own good is engaging in ________ integration.

Because audited financial statements are __________ to prepare, restrictive covenants rarely appear in loan contracts to companies with __________ than $1 million in assets

A) inexpensive; more B) inexpensive; less C) expensive; more D) expensive; less

In which oligopoly model(s) do firms earn zero profit?

A) Cournot B) Bertrand C) Stackelberg D) Oligopoly firms always earn positive economic profits.