Entrepreneurs who earn arbitrage profit are able to do so by extracting the total consumer surplus from buyers
Indicate whether the statement is true or false
FALSE
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What is the primary threat of monopoly and oligopoly to the public interest?
a. Cartels b. Predatory pricing c. Price wars d. Monopoly power
A country which does not devalue when financial markets expect it to will probably suffer
A) a real appreciation of its currency. B) higher interest rates. C) a default on its national debt. D) all of the above E) none of the above
The solar window manufacturing industry is an example of _____ because it comprises many firms wanting to sell similar but differentiated products
a. monopolistic competition b. oligopoly c. monopoly d. oligopolistic competition
If U.S. net exports are positive, then net capital outflow is
a. positive, so foreign assets bought by Americans are greater than American assets bought by foreigners. b. positive, so American assets bought by foreigners are greater than foreign assets bought by Americans. c. negative, so foreign assets bought by Americans are greater than American assets bought by foreigners. d. negative, so American assets bought by foreigners are greater than foreign assets bought by Americans.