Contestable markets improve the performance of imperfect markets with
A. government regulations.
B. the threat of entry.
C. advertising.
D. tacit collusion.
Answer: B
You might also like to view...
In the business cycle, what immediately precedes the time when real GDP is falling?
A) depression B) peak C) recession D) expansion E) trough
When the prevailing market wage is above equilibrium:
A. the surplus of labor is the amount of unemployment in the market. B. the difference between the quantity supplied and the quantity of labor demanded is unemployment. C. unemployment occurs. D. All of these are true.
Economic discrimination occurs when equivalent factors of production receive different payments for equal contributions to output
a. True b. False Indicate whether the statement is true or false
If a country’s workers can produce 10 hamburgers per hour or 5 bags of French fries per hour. If there is no trade, the price of 1 bag of fries is 2 hamburgers.
Answer the following statement true (T) or false (F)