State-Owned Enterprises (SOEs) can succeed when
a. they are free from political interference and can make decisions according to economic criteria
b. the government is clear about the SOE's objectives and enforces the rules
c. the government is ready to subsidize the SOE in bad years
d. only the most crucial firms are state owned
e. SOEs never succeed according to economic criteria
A
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Which of the following is NOT a characteristic or focus of microeconomics?
A) individual consumers. B) analysis of aggregate economic variables C) firm behavior D) individual markets
The demand curve a monopolist faces
a. is more elastic than a perfectly competitive firm's demand curve b. is the market demand curve c. is as elastic as a perfectly competitive firm's demand curve d. is not affected by the prices of complements e. will not shift in response to a change in consumer tastes