Author Question: If a firm's product becomes a commodity A) the firm gains market power. B) the firm's strategy has ... (Read 118 times)

nautica902 · **on:** Jun 30, 2018

If a firm's product becomes a commodity
A) the firm gains market power.
B) the firm's strategy has apparently paid off.
C) the firm has become a monopoly.
D) the firm looses market power.

Question 2

A valid argument against redistributing income to achieve complete equality is that:
a. income equality would destroy the social cohesiveness that exists among different income groupings.
b. this would eliminate the monetary incentives to work and produce.
c. the cost of obtaining the equality would be so deflationary as to promote economic instability.
d. income equality would imply class segregation based on factors such as sex or race, since income would be constant.