Easy entry of new firms is not a characteristic for ________ industries.
A. monopolistically competitive and oligopolistic
B. oligopolistic and monopolistic
C. perfectly competitive and monopolistically competitive
D. monopolistic and perfectly competitive
Answer: B
You might also like to view...
Factors of production include
A) the economic system. B) land, labor, capital and entrepreneurship. C) labor and capital (not land, which is fixed). D) only capital, land, and labor.
According to the liquidity premium theory of the term structure, a slightly upward sloping yield curve indicates that short-term interest rates are expected to
A) rise in the future. B) remain unchanged in the future. C) decline moderately in the future. D) decline sharply in the future.
Tax collected based on a taxpayer's spending is known as: a. excise tax
b. consumption tax. c. gift tax. d. income tax.
During the financial crisis associated with the Great Recession, the interest rate spread between Treasury bills and bank-to-bank lending increased substantially
a. True b. False Indicate whether the statement is true or false