Advertising can create a barrier to entry of new firms into an industry and therefore reduce competition.
Answer the following statement true (T) or false (F)
True
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The two types of trade, intertemporal and pure asset swap ________ perfect substitutes, because ________
A) are; they both offer considerable payoff and are equal in the long run B) are; they both involve the smoothing out of now and future consumption C) are not; asset swapping is immediate and involves only assets, while intertemporal trade takes two time periods and involves both assets and goods/services D) could possibly be; different economic states occur at different points in time E) are not; asset swapping never relates to intertemporal trade
Under the Sarbanes-Oxley Act of 2002, the clause that makes it unlawful for a registered public accounting firm to provide any nonaudit service to a client contemporaneously with an impermissible audit is an example of which remedy of conflicts of
interest? A) regulate for transparency B) supervisory oversight C) separation of functions D) socialization of information production
Private costs are the same as
A) implicit costs. B) external costs. C) public costs. D) internal costs.
The horizontal summation of individual demand curves gives the market demand curve for a public good
a. True b. False Indicate whether the statement is true or false