Each of the following factors might interfere with the efficiency of perfect competition except:
a. increasing returns to scale.
b. imperfect price information.
c. externalities.
d. diminishing returns to scale.
d
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When the ________ interest rate is low, there are greater incentives to ________ and fewer incentives to ________
A) nominal; lend; borrow B) real; lend; borrow C) real; borrow; lend D) market; lend; borrow
With regard to the cost of the Civil War (1861–1865), Hughes and Cain (2011) argue all of the following except
(a) It mobilized idle men and other resources on a vast scale. (b) The cost of the lives lost can be measured using the concept of "human capital." (c) The war's cost could have purchased all the slaves from their owners at 1860 prices, given each slave family 40 acres and a mule, and still had $3.5 billion left over for "reparations"—back wages to the freed slaves. (d) The real burden was widely felt by those individuals who owned Confederate financial assets, those whose crops and farm animals were sequestered, those whose homes and farm buildings were destroyed, and the dead.
The Capital Asset Pricing Model determines the weighted average cost of capital
Indicate whether the statement is true or false
The long-run aggregate supply curve is the relationship between the price level and the quantity of real GDP that is supplied once input prices have had time to fully adjust to that price level
a. True b. False Indicate whether the statement is true or false