In their pure forms, laissez-faire economies and command economies do not exist in the world.
Answer the following statement true (T) or false (F)
True
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The Department of Justice guidelines suggest that the government not interfere with mergers that occur in industries with a Herfindahl-Hirschman Index that is
a. 0 b. 100 c. less than 1,000 d. more than 1,000 e. more than 1,800
A monopolistically competitive firm chooses
a. the quantity of output to produce, but the market determines price. b. the price, but competition in the market determines the quantity. c. price, but output is determined by a cartel production quota. d. the quantity of output to produce and the price at which it will sell its output.
Discuss several of the hypotheses concerning the reduction in productivity growth in the mid-1970s
What will be an ideal response?
What agreement has been reached to reduce the moral hazard problem and what does it require?
What will be an ideal response?