The only way to judge monopoly is to use both structure and performance criterion simultaneously.
Answer the following statement true (T) or false (F)
False
Government can use only one of these criteria at a time.
You might also like to view...
The Coase theorem states that if pollution permits are tradable, the outcome will be optimal, _____
a. regardless of who initially gets the permits b. only if the property rights are assigned to the victims of pollution c. only if property rights are determined by the government d. only if the property rights are assigned to the party with the least-cost alternative
Answer the following statements true (T) or false (F)
1) The United States has experienced both budget surpluses and deficits since 2000. 2) The public debt is the accumulation of all deficits and surpluses that have occurred through time. 3) The public debt is held as Treasury bills, Treasury notes, Treasury bonds, and U.S. savings bonds. 4) The crowding-out effect of the public debt may be dampened if the investment-demand curve is shifting to the right.
Which of the following will not shift the demand for the euro to the right?
A) an increase in interest rates in the European Union B) an increase in incomes in countries that buy goods from the European Union C) expectations among speculators that the price of the euro will rise in the future D) a decrease in the demand for European goods
If it is easy to uncover buy and sell orders above and below current transactions prices, a market is said to
A) be primary. B) lack breadth. C) be deep. D) be resilient.