The lack of success among monopolistic competitive and oligopolistic firms to become monopolies can be attributed primarily to
a. lack of business skills
b. lack of financing
c. failure to maximize profit
d. inability to establish effective barriers to entry
e. inefficient production methods
D
You might also like to view...
Stagflation is a situation with high unemployment rates, high inflation rates, and little or no growth in the economy
a. True b. False Indicate whether the statement is true or false
Expansionary fiscal policy consists of:
a. increasing government spending. b. increasing payroll taxes to finance health care. c. decreasing government spending. d. raising the minimum wage.
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According to the graph shown, if this economy were open to free trade, domestic consumers would consume how many units?
A. 115 B. 90 C. 60 D. 150
Some people go to a new gym because it just happened to open up right next to where they live. People who live farther away do not go to this new gym as much. You compare fitness between these two groups. Using the concept of natural experiment, which of the following statements is true about the scenario?
A. This is a good natural experiment. B. This is a decent natural experiment. C. This is not a natural experiment.