Because barriers to entry limit the amount of competition in various markets, government policy should be designed to reduce or eliminate such barriers wherever possible

Indicate whether the statement is true or false


FALSE

Economics

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Which of the following is not a user charge?

a. An entry fee to a national park. b. A toll for a toll road. c. A bus fare for a municipal bus service. d. A flat monthly fee for municipal water service.

Economics

In the short run, a constant (as a percentage of profits) corporate income tax imposed on a monopolist will _____

a. cause capital to flee the industry b. cause output to fall c. leave output unchanged d. cause output to rise

Economics

The above figure shows a production possibility frontier for a society with two members, Al and Bruce. If point "a" is the efficient product mix, draw a possible Edgeworth box and indifference curves

What will be an ideal response?

Economics

________ is the average cost of producing each unit of output.

A. Average variable cost B. Marginal cost C. Average total cost D. Average fixed cost

Economics