A high concentration ratio is the only way to achieve market power.
Answer the following statement true (T) or false (F)
False
A high concentration ratio or large firm size isn't the only way to achieve market power. The supply and price of a product can be altered by many firms acting in unison.
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In a monopolistically competitive equilibrium, firms outside the industry could make at most zero profit by entering the industry.
Answer the following statement true (T) or false (F)
Refer to Table 8-19. Given the information above, calculate the GDP deflator in 2016
A) 114 B) 105 C) 95 D) 87
Which of the following can issue bonds?
A. the government B. corporations C. government agencies D. all of the above
A decrease in the interest rate will ________.
A. have no effect on the quantity of money supplied in the economy B. increase the quantity supplied of money at an increasing rate C. decrease the quantity of money supplied in the economy D. increase the quantity of money supplied in the economy