All models of oligopoly involve pricing above marginal cost and output levels above the competitive level.
Answer the following statement true (T) or false (F)
False
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If d is the depreciation rate and K is the capital stock, the amount of investment required to keep the economy in a steady state is given by:
A) I = d - K. B) I = d + K. C) I = d × K. D) I = d/K.
Your textbook so far considered variables for cointegration that are integrated of the same order
For example, the log of consumption and personal disposable income might both be I(1) variables, and the error correction term would be I(0), if consumption and personal disposable income were cointegrated. (a) Do you think that it makes sense to test for cointegration between two variables if they are integrated of different orders? Explain. (b) Would your answer change if you have three variables, two of which are I(1) while the third is I(0)? Can you think of an example in this case? What will be an ideal response?
If the Canadian dollar depreciates, holding other things constant, it makes Canadian imports
a. More expensive for Canadian customers b. Less expensive for Canadian customers c. Neither more or less expensive for importers d. None of the above
Reciprocity means:
A. responding to another's actions with a similar action. B. deriving utility from an action that will cause another's utility to increase. C. doing good things for people and asking nothing in return. D. deriving utility from the action of a stranger.