One way by which firms differentiate their products is to find a market niche
Indicate whether the statement is true or false
TRUE
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Classical growth theory asserts that
A) growth in real GDP per person is temporary. B) only some countries can have economic growth. C) real GDP growth will eventually be a constant 3 percent per year. D) nominal GDP growth is most important.
Which of the following is not prohibited by the Clayton Act, even if it reduces competition?
a. merger accomplished through the acquisition of another firm's stock b. merger accomplished through the acquisition of another firm's assets c. price discrimination that cannot be justified on the basis of cost differences d. exclusive dealing contracts e. interlocking directorates
If there are a large number of sellers in a market,
a. it is difficult for firms to cheat on a collusive agreement b. a cartel is unlikely to break down c. prices are higher than in smaller markets d. a cartel is likely to break down e. perfect competition occurs in the long run
The sum of the components of aggregate expenditure that vary with real GDP is called
What will be an ideal response?