The DeBeers Company of South Africa was able to block competition through
A) ownership of an essential input. B) differentiating its product.
C) government-imposed barriers. D) economies of scale.
A
Economics
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If the dollars held for transactions purposes are, on the average, spent four times a year for final goods and services, then the quantity of money people will wish to hold for transactions purposes is equal to:
A. Four percent of nominal GDP B. 25 percent of nominal GDP C. Nominal GDP multiplied times 4 D. Nominal GDP divided by 25
Economics
The government's court case against Microsoft is an example of:
A. predatory pricing. B. antitrust enforcement. C. economic regulation. D. the regulatory dilemma.
Economics