Having free entry and exit in a market can help drive:
A. cost-cutting.
B. innovation.
C. quality improvements.
D. All of these occur more often with free entry and exit.
Answer: D
Economics
You might also like to view...
Explain Paul Romer's ideas concerning economic growth
What will be an ideal response?
Economics
For a given aggregate supply curve, an increase in aggregate demand will: a. decrease the real interest rate
b. increase real GDP. c. decrease the price level. d. increase the real exchange rate. e. decrease real GDP.
Economics
Unemployment insurance is an example of a discretionary fiscal policy
a. True b. False Indicate whether the statement is true or false
Economics
Protesters insist that the economic benefits of trade have social costs that go unrecognized.
Whether or not you agree with them, make a list of those social costs.
Economics