Joint products are: Products that increase in value if sold as a package Products that create production bottlenecks Two or more products simultaneously produced from a common set of inputs by a single process Any set of products that can use the same resources

All of the following led to the collapse of the soviet economy except a. a lack of worker incentives. c. inadequate supply of consumer goods. b. a reliance on production quotas. d. the introduction of a market economy.

Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries

Match each economic concept with the scenarios that illustrates it