The ability to deter entry requires
A) a credible threat that if entry occurs the firm is willing to produce more than they would otherwise.
B) a credible threat that if entry occurs the firm will not produce more than they would otherwise.
C) a good lawyer.
D) a clever accounting department.
A
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If it is possible to make a change that will help some people without harming others, then the situation is:
A. efficient. B. inefficient. C. unfair. D. fair.
A capital shortage results from insufficient capital to meet our national "needs."
A. True B. False C. Uncertain
The magnitude of the impact taxes have on job-search effort is:
A. inconclusive. B. slightly negative. C. slightly positive. D. hugely negative.
GDP is the total value of all _____ goods and services produced within a nation's borders in a given time period.
A.) final B.) unfinished C.) intermediate D.) non-exported