Which of the following best describes the problems associated with using the bertrand model to analyze an oligopoly when firms produce an identical good. a. the equilibrium price is insensitive to demand conditions and is only affected by the number of firms. b. the number of firms has no effect on the equilibrium price, but small changes in demand can have an unpredictable effect on price. c. the bertrand "competitive" equilibrium price is implausible and depends on the number of firms. d. the bertrand "competitive" equilibrium price is implausible and is insensitive to demand conditions.

If a bond is issued at a premium the effective interest rate is most likely

Cindy recently played in a softball game in which she misplayed a ground ball for an error. later, in the same game, she made a great catch on a very difficult play. according to the self-serving bias, she would attribute her error to and her good catch to her

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals: