In the long run, a perfectly competitive industry tends to develop differentiated products
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In the late 2000s, which of the following was the primary source of external financing for small to medium-size firms?
A) mortgages B) bank loans other than mortgages C) trade credit D) other loans
Economics
When a physician knows more about alternative treatments than her patients, we say that _______ exists
a. rational ignorance. b. perfect information. c. asymmetric information. d. moral hazard. e. adverse selection.
Economics
Abnormal net income is similar to economic profit
Indicate whether the statement is true or false
Economics
Briefly explain how the increase in the cost of health care might partially be a measurement problem due to changing quality of care.
What will be an ideal response?
Economics