Which of the following would be inconsistent with the notion of a competitive market process and the notion of perfect competition?
A) Price searching behavior
B) Predatory pricing
C) Advertising
D) Licenses and other legal restrictions on entry
E) Hostile takeovers
D
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What are the three types of financial institutions that accept deposits that are part of the U.S. money supply? Briefly describe each of the three types of financial institutions
What will be an ideal response?
If a financial institution extends a 25 year loan at a 6 percent interest rate, and then the inflation rate increases suddenly and unexpectedly to 6 percent per year, the institution receives on its loan a real return of
A) minus 12 percent. B) zero percent. C) 6 percent. D) 12 percent. E) 36 percent.
Suppose that, in the long run, the price of feature films rises as the movie production industry expands. We can conclude that movie production is a(n):
a. increasing-cost industry. b. constant-cost industry. c. decreasing-cost industry. d. marginal-cost industry.
The market supply curve shows how the total quantity supplied of a good varies as input prices vary, holding constant all the other factors that influence producers' decisions about how much to sell
a. True b. False Indicate whether the statement is true or false