Information technology lowered ______________ and increased ______________ from nonbank financial institutions
Fill in the blank(s) with the appropriate word(s).
Answer: transactions costs, competition
Economics
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If demand for Tesla automobiles rises in an area where incomes have increased, this tells us that a Tesla is
A) a normal good. B) an inferior good. C) a complementary good. D) a substitute good.
Economics
James' pretzel stand merges with a company that supplies the condiments to James. This is an example of
A) conglomerate merger. B) concentration ratio. C) vertical merger. D) horizontal merger.
Economics