An industry with a high concentration ratio might still be competitive if
A) there are no close substitutes for its product.
B) its barriers to entry are low.
C) its production is geographically concentrated.
D) it has a high ratio of value added to sales.
B
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When the United States imposes a tariff on an imported good, the
A) quantity of the good produced in the United States decreases. B) amount imported increases. C) price of the good in the United States falls. D) outcome becomes more efficient. E) quantity of the good purchased in the United States decreases.
When asked to give a range for the height of the tallest mountain in North America such that people were 90 percent confident the true number falls within it, most people gave ranges that were
Monetarists believe that an increase in the money supply will raise both Real GDP and the price level in the short run, and will only raise Real GDP in the long run
Indicate whether the statement is true or false
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.