Choose the correct option to make the sentence TRUE: In the case of Nike, if the workers in foreign factories knew about the working conditions, …

There is a 50% chance that an economic boom will take place and the demand function will be P=400-45Q (MB=400-90Q). What is the firm’s expected marginal revenue function?

Which of the following groups is most likely to be considered as a subsidy side in two-sided platforms?

Which of the following is an example of an implementation stage in normal political development being replaced by private politics?

Which of the following is not example of or not related to moral hazard:

There are six firms in an industry with sales at $1 million, $3 million, $5 million, $7 million, $8 million, and $12 million, respectively. The four-firm concentration ratio is:

Choose the incorrect statement about lobbying:

For the next 3 questions, use the following scenario: A monopoly firm is facing a cost function of C=5*Q^2 (MC=10*Q) and a demand function of P=200-45Q (MR=200-90Q).

For the next 4 questions, use the following scenario: The first table presents a polluting firm’s private benefit/cost functions and social benefit/cost functions. The second table presents four scenarios of the tradeable pollution permits market. Production Quantity MSB=MPB   MPC   MSC 1 $60 $15 $45 2 55 25 55 3 50 35 65 4 45 45 75 5 40 55 85 6 35 65 95 7 30 75 105     Tradable Pollution Permit Scenarios Firm’s endowment of Permits Market Price per Permit Scenario A 1 permit $40 Scenario B 2 permits $30 Scenario C 3 permits $20 Scenario D 4 permits $10  

Which of the following is an example of an implementation stage in normal political development being replaced by private politics?