A rise in the price of an input can be expected to lead to a rise in its marginal physical product
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Double markup problems arise because
a. upstream firms have no market power b. downstream firms have no market power c. upstream and downstream products are complementary in demand d. upstream and downstream firm's pricing decisions tend to increase the demand for the other product
Economics
When a business is owned and operated by a single individual who receives all of the profits and is responsible for all debts, it is known as a
A) partnership. B) conglomerate. C) corporation. D) proprietorship.
Economics