long term contracts are less likely when
What will be an ideal response?
the exchange environment is complex
Economics
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Which of the following is not a barrier to entry?
A) licenses B) patents C) economies of scale D) U.S. antitrust legislation
Economics
If 8,000 workers are unemployed, then the minimum wage must be
a. $8 b. $12. c. $6 d. $14.
Economics
If economic profits are $100,000, and implicit costs are $50,000, how much are your accounting profits?
What will be an ideal response?
Economics
What are two reasons diminishing returns to specialization occur? (Check both responses.)
What will be an ideal response?
Economics