Privatization is the
a. process of turning private enterprises into public enterprises
b. the same as nationalization
c. process of turning public enterprises into private enterprises
d. process of turning state-owned enterprises into public enterprises
e. process of turning sole proprietor enterprises into corporate enterprises
C
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If mutual interdependence among firms is present, each profit-maximizing firm in the market
a. produces a product that must be identical to the products of its rivals. b. must consider the reactions of its rivals when it determines its price policy. c. faces a perfectly elastic demand curve for its product. d. faces a perfectly inelastic demand curve for its product.
If an event has three possible outcomes, A, B, and C, and the probability of event A occurring is 0.20, the probability of event B occurring is 0.20, the probability of event C occurring is ________.
A) 0.20 B) 0.60 C) 1.00 D) 0.30