题目内容

A company that manufactures airplane seats is best described as producing:

A. Finished goods.
B. Intermediate goods.
C. Factors of production.

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The long-term effects of a price ceiling on a market are least likelyto include:

A. Discrimination by sellers.
B. An increase in waiting times to purchase.
C. Improvement in quality to offset the reduction in quantity supplied.

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Which of the following is most likely an advantage of the Herfindahl-Hirschman Index relative to the N-firm concentration ratio？ The Herfindahl-Hirschman Index:

A. Is simpler to calculate.
B. Considers barriers to entry.
C. Is more sensitive to mergers.

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Marginal revenue product is best defined as the:

Addition to total revenue from selling one more unit of output.
B. Additional output produced by using one more unit of a productive input.
C. Addition to revenue from selling the output produced by using one more unit of an input.

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A market characterized by low barriers to entry, good substitutes, limited pricing power, and marketing of product features is best characterized as:

A. oligopoly.
B. Perfect competition.
C. Monopolistic competition.

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A company that manufactures airplane seats is best described as producing:

A. Finished goods. B. Intermediate goods. C. Factors of production.

The long-term effects of a price ceiling on a market are least likelyto include:

Which of the following is most likely an advantage of the Herfindahl-Hirschman Index relative to the N-firm concentration ratio？ The Herfindahl-Hirschman Index:

Marginal revenue product is best defined as the:

A market characterized by low barriers to entry, good substitutes, limited pricing power, and marketing of product features is best characterized as:

A. Finished goods.
B. Intermediate goods.
C. Factors of production.