One In the News article says that when JetBlue "…comes to town, fares go down …" If entry barriers are low enough, a market
A. Is contestable.
B. Requires regulation.
C. Violates antitrust laws.
D. Is inefficient.
Answer: A
You might also like to view...
Government policies intended to increase aggregate spending and output are called ________ policies.
A. expansionary B. aggregate C. fiscal D. monetary
Demand relates the amounts of a good purchased to
A) the amounts actually obtained. B) the gross domestic product. C) the quantity needed. D) the sacrifices required to obtain the good. E) the time required to produce the good.
A reduction in the amount of unemployment
A) shifts the production possibilities frontier outward. B) moves the economy's point of production closer to the production possibilities frontier. C) moves the economy's point of production along the production possibilities frontier. D) moves the economy's point of production further away from the production possibilities frontier.
A full-time student who is not working is categorized as
A) unemployed. B) employed. C) not in the labor force. D) frictionally unemployed. E) a discouraged worker.