The Sale of an Exporter's Accounts Receivable on Capital Goods,commodities,and

question 33

Multiple Choice

The sale of an exporter's accounts receivable on capital goods,commodities,and other high-value goods,with the payment due at least 180 days out is

• A) forfaiting.
• B) consignment.
• C) factoring.
• D) banker's acceptance.
• E) time draft.

Understand the implications of breaking up natural monopolies for costs, prices, and efficiency.

Understand the basic characteristics and structures of monopolies.

Identify factors that distinguish monopolies from perfectly competitive markets.

Describe how monopolies determine their profit-maximizing level of output and price.