If a new entrant (or an established firm) wants to leave a contestable market,
a. all, or nearly all of, the invested capital values can be recovered.
b. another firm will always enter to take its place.
c. it must accept large losses in its capital investment, so it is unlikely to exit.
d. its leaving will be contested by regulators in the market who seek to prevent exit.
A
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Explain dumping
What will be an ideal response?
Which of the following industries was not among the 10 leading industries in 1860?
a. boots and shoes b. printing and publishing c. machinery d. lumber
Moving decisions downward into functional areas economizes on information and is efficient because a functional department is by definition expert at a subset of the firm's activities
Indicate whether the statement is true or false
A country in which a significant fraction of domestic production takes place in foreign-owned factories and facilities is most likely a country where
A) GNP is much larger than GDP. B) GDP is much larger than GNP. C) GDP is equal to GNP. D) GDP is not comparable to GDP.