An important economic problem associated with monopolies is that, at the profit-maximizing equilibrium rate of output, resources are:. a. there are no economic problems re monopolies; it's all in your head. b. wasted and firms always charge any price (typically the highest possible) they want. c. underallocated (i. e., not enough is being made) because marginal cost exceeds price. d. underallocated because price exceeds marginal cost. e. overallocated (1.e., too much is being made) because price exceeds marginal cost.

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

Based on what you learned about time management which of these statements are true