Author Question: A business can be operated profitably at a loss for an indefinite period of time A) if it is ... (Read 104 times)

brutforce · **on:** Jun 29, 2018

A business can be operated profitably at a loss for an indefinite period of time

A) if it is unable to meet all their obligations but able to cover operating costs.
B) if we neglect the social costs of discriminatory pricing.
C) for firms that enjoy special legal privileges.
D) if costs are calculated as marginal opportunity costs.

Question 2

The brief success of the OPEC cartel in the 1970s can most plausibly be attributed to

A) the dependence of industrial economies on oil.
B) the fact that OPEC was a cartel formed by national governments.
C) the inelastic demand for oil.
D) the misguided policies of the U.S. government.
E) the widespread expectation of much higher prices in the future.