Which considerations regarding regulatory policies were related to the production of the Toyota Prius in the United States?
A.Toyota had to make sure it complied with health and safety regulations.
B. Since the car was a hybrid, Toyota did not have to worry about federal emissions standards.
D. All of the above
C. Since Toyota is a Japanese producer, the regulatory policies of the United States did not apply to its new cars.
D. All of the above
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The property of diminishing marginal rate of substitution follows from the property that the indifference curve is
A) downward sloping. B) upward sloping. C) bowed in toward the origin. D) bowed out from the origin.
Oligopolies would like to act like a
a. duopoly, but self-interest often drives them closer to the competitive outcome. b. competitive firm, but self-interest often drives them closer to the duopoly outcome. c. monopoly, but self-interest often drives them closer to the duopoly outcome. d. monopoly, but self-interest often drives them closer to the competitive outcome.