Joel and mike would like to start a new business selling a product new to the u. s., the peraves monotracer. joel and mike have done a considerable amount of research on this product, and think it would be successful in the u. s. however, they are still concerned about the risk of a new venture and both would like to avoid losing any personal assets. they should organize their firm as a

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies

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