Where interdependence is especially pronounced, competition among oligopolists will
A. resemble military tactics and strategies.
B. disappear.
C. lead to large increases in product output.
D. entice more firms to enter the market.
Answer: A
You might also like to view...
An improvement in technology would
a. enable the economy to produce outside its original production possibilities frontier b. enable the economy to move along its original production possibilities frontier c. eliminate scarcity; therefore, the production possibilities frontier would no longer exist d. have no effect on the production possibilities frontier e. change the production possibilities frontier to a line with a positive slope
Which of the following is the main argument for why efficiency wages can help encourage workers to provide full effort on a job?
A. Workers do not understand that high-wage workers do not need to work hard to maintain their job. B. When the efficiency wage is less than the competitive wage, workers work harder in order to convince other firms to hire them away at the higher, competitive wage. C. Workers do not want to risk becoming unemployed when there is a reserve of involuntary unemployed workers willing to take their job that pays above the competitive wage. D. Management hires fewer workers at the higher efficiency wage, and therefore all workers must work harder. E. None of these provide an argument for why efficiency wages encourage workers to provide full effort on a job.
An incumbent's gain from"learning by doing" is diminished if learning is slow because
A) the incumbent get too quickly a head start B) future entrants cannot catch up C) the incumbent will not bother to learn cost-saving techniques D) the early cost reduction enjoyed by the incumbent is very small
Between 2009 and 2013,
A. both the actual and the structural deficit fell substantially. B. both the actual and the structural deficit rose substantially. C. the actual deficit rose, while the structural deficit fell substantially. D. the structural deficit rose, while the actual deficit fell substantially.