In the United States, which of the following is an example of a government-inhibited good?
A) museums
B) concerts
C) cigarettes
D) sports stadiums
C
Economics
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Transfer prices should be set to so
A) to maximize profits for only one unit in a multi-unit firm. B) allow arbitrage with the external market place. C) to maximize profits for the overall firm. D) none of these choices.
Economics
Refer to the graph below showing the market for a product. Which of the following could not explain the indicated increase in equilibrium price from P1 to P2?
A. An increase in consumer incomes
B. An increase in production costs
C. A decrease in the price of a complementary product
D. An increase in the price of a substitute product
Economics