Subsidies ________ the price paid by the buyer and ________ the price received by the seller
A) increase, increase
B) increase, decrease
C) decrease, increase
D) decrease, decrease
E) do not change; increase
C
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If two simultaneous move Bertrand price competitors have different constant marginal costs, then any price between their marginal costs could be a Nash equilibrium price.
Answer the following statement true (T) or false (F)
In a graph of a firm's short-run total costs and total revenue, the total cost and the total revenue curves, respectively, will intersect the vertical axis
A) above the origin, above the origin. B) above the origin, at the origin. C) at the origin, at the origin. D) below the origin, below the origin.
Once a new technology spreads and is adopted by many countries:
A. the first country to use it may lose its comparative advantage. B. the country will have to have strict intellectual property rights protections in place. C. other countries will perfect it, putting them at an absolute advantage. D. the first country to use it will lose its absolute advantage.
Corruption reduces growth most directly because governments invest in projects with low productivity
a. True b. False Indicate whether the statement is true or false