According to the text, a government policy of promoting competition must
A) assure small businesses they won't fail because of below-cost pricing or other predatory practices by larger businesses.
B) assure small businesses they won't fail under any circumstances.
C) equate profit margins among competing suppliers.
D) maintain a process rather than some state of affairs.
E) work toward making sellers' demand curves completely elastic.
D
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Larry Lawnlover is trying to decide whether it would be more efficient to trim his lawn with a hand-operated clipper or to buy and use an electrically operated weed-trimmer
Which of the items below will help determine the more efficient choice for Larry? A) Larry's dislike for the noise created by power tools B) Larry's fear of being injured while using power tools C) The sensitive skin on Larry's hand, which causes him to develop, blisters easily D) All of the above. E) None of the above.
The bargaining power of an LDC government in negotiating with a TNC is greatest when
a. it has large amounts of labor available b. it has a large market for a product c. it has a resource that few other countries have d. it can offer large tax breaks e. none of the above
Cooperation:
A. is a mixed strategy. B. fails when the temptation to cheat is sufficiently strong. C. eliminates the temptation to cheat. D. is always a Nash equilibrium.
Why are demand curves downward sloping?
What will be an ideal response?