The combination of barriers to entry that create monopolies and the product differentiation that characterizes monopolistic competition provide the setting for the creation of an oligopoly
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
If immigration increases the productivity of domestic workers, then it:
A. Decreases the return on capital B. Means that immigrant workers and domestic workers are substitutes C. Means that immigrant workers are entering low-wage occupations D. Increases the return on capital
In the above table, the inflation rate between 2012 and 2013 is approximately
A) 0.9 percent. B) 1 percent. C) 10 percent. D) 100 percent.
A problem for equity contracts is a particular type of ________ called the ________ problem
A) adverse selection; principal-agent B) moral hazard; principal-agent C) adverse selection; free-rider D) moral hazard; free-rider
Among the problems encountered when time series analysis is used to estimate cost functions is
A) that technological changes may have occurred. B) that accounting changes may have occurred during the period analyzed. C) that some costs are recorded on the books of account at a time other than when they are incurred. D) All of the above