In which of the following market structures do you find barriers to entry?

A. a monopoly
B. a perfectly competitive market
C. a monopolistic competition
D. Both a monopoly and a perfectly competitive market are correct


Answer: A

Economics

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Based on the figure above, as a result of international trade, U.S. domestic production ________ airplanes per year

A) decreases by 200 B) increases by 300 C) decreases by 100 D) increases by 500 E) increases by 200

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Compare the effects of an increase in aggregate demand when the price level is fixed versus when it can change

What will be an ideal response?

Economics

To internalize a positive externality:

a. the consumers of a good could receive a subsidy equal to the external benefit resulting from the production or consumption of the good. b. a producer's costs could be increased by an amount equal to the external benefit resulting from the production of the good. c. consumers of the good could pay a tax equal to the external benefit resulting from the production or consumption of the good. d. None of the above are correct.

Economics

A public good is

a. always depletable and excludable. b. always depletable and often excludable. c. never depletable and always excludable. d. never depletable and always nonexcludable.

Economics