According to Chinese law, to be a dominant firm, can be all of the following except which one?
A) one of two firms in the market that have a combined market share of more than 66.6 percent
B) one of three firms in the market that have a combined market share of more than 75 percent
C) an individual firm with a market share of 50 percent
D) one of four firms in the market that have a combined market share of more than 80 percent
D) one of four firms in the market that have a combined market share of more than 80 percent
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The supply curve slopes upward when graphed against ________, because of ________
A) the price of the good; increasing marginal cost B) the price of the good; decreasing marginal cost C) income; increasing marginal cost D) income; decreasing marginal cost
What is a recession?
What will be an ideal response?
If your firm's production function has constant returns to scale, and if you double all your inputs, then your firm's productivity will
a. not change. b. increase but not double. c. double. d. more than double.
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential