Which of the following does NOT help explain why oligopolies exist?
A) economies of scale
B) mergers
C) product homogeneity
D) barriers to entry
Answer: C
Economics
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Of the following, which is NOT a monetary policy rule the Fed could follow?
A) an unemployment rate targeting rule B) an inflation targeting rule C) a money targeting rule D) a k-percent rule E) a nominal GDP targeting rule
Economics
Which of the following is true?
A) Accounting profits = Revenues - Implicit costs - Explicit costs B) Economic profits = Revenues - Explicit costs C) Accounting profits = Revenues - Implicit costs D) Economic profits = Accounting profits - Implicit costs
Economics