Even if a market is not competitive, the firms in the market may behave competitively if

A. The market is regulated.
B. There are economies of scale.
C. Potential competition exists.
D. A natural monopoly exists.


Answer: C

Economics

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Which of the following is NOT a property of isoquants?

A) They do not cross. B) The closer they are to the origin, the higher the level of output. C) They have a downward slope. D) They are "thin."

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The net export function is negatively sloped because exports are inversely related to domestic income

a. True b. False Indicate whether the statement is true or false

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Indicate whether the statement is true or false

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