Technical superiority can be a source of entry barriers
a. True
b. False
Indicate whether the statement is true or false
True
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Since the early 1990s, the Fed has conducted monetary policy by setting a target for the
A) level of borrowed reserves. B) monetary base. C) federal funds rate. D) inflation rate.
If Country A has an absolute advantage over Country B in the production of every commodity,
a. mutual gains from trade between Country A and Country B would be impossible. b. Country B would be able to gain from trade but not country A. c. the joint output of the two countries could not be increased through specialization and exchange. d. mutual gains from trade would still be possible.
Answer the following statement(s) true (T) or false (F)
1. Near monopolists can be innovators. 2. The Sherman Antitrust Act encouraged price fixing. 3. The Clayton Act outlawed predatory pricing. 4. Price discrimination requires significant market power.. 5. College financial aid is a form of price discrimination.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.