Happy Feet wants to prevent Best Nails from entering the nail salon market. If Happy Feet expands its capacity, the expansion can lead to all of the following except which one?
A) increase Happy Feet's profit-maximizing quantity
B) decrease Happy Feet's profit-maximizing price
C) increase Happy Feet's marginal cost
D) decrease Best Nails' profit from entering the market
C) increase Happy Feet's marginal cost
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Which of the following markets are closest to perfectly competitive
a. The market for smart phones b. The market for generic pharmaceuticals c. The market for sport shoes d. The market for fast food
Perfect competition is an ideal market structure
a. True b. False Indicate whether the statement is true or false
Charter One, Pentagon Federal Credit Union, and Boeing Employees Credit Union are all primarily:
A. commercial banks. B. thrifts. C. insurance companies. D. pension funds.
Between 1974 and 2006, hog prices
A. rose far faster than inflation. B. rose at about the overall rate of inflation. C. rose far slower than inflation. D. remained largely constant even in nominal terms.