Price leadership may sometimes be an example of covert collusive behavior by oligopolies.
Answer the following statement true (T) or false (F)
True
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Each firm in a perfectly competitive industry
A) produces a good that is slightly different from that of the other firms. B) produces a good that is identical to that of the other firms. C) attains economies of scale so that its efficient size is large compared to the market as a whole. D) has control over at least one unique resource to separate themselves from their competitors. E) has an important influence on the market price of the good or service being produced.
Personal computers are becoming less expensive as new technology reduces the cost of production. In a supply and demand model, explain the effects of the technological innovations and their effect on the quantity of computers
What will be an ideal response?
According to the interest parity condition, if the domestic interest rate is 12 percent and the foreign interest rate is 10 percent, then the expected ________ of the foreign currency must be ________ percent
A) appreciation; 4 B) appreciation; 2 C) depreciation; 2 D) depreciation; 4
Capital, labor, and land
a. have derived demands. b. are factors of production. c. are inputs used in the production of goods and services. d. All of the above are correct.