Market power may result from all of the following except

A. Efficiencies of large-scale production.
B. Control of resources.
C. Patents and copyrights.
D. Low barriers to entry.


Answer: D

Economics

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Evaluate critically the following statement: The developed countries have all shown a significant increase in the numbers of university-trained workers as incomes have risen; thus the development of a solid university system should be among the

major priorities of developing countries.

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Deregulation is a process that undoes regulation

Indicate whether the statement is true or false

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Countries that have indexed most contracts, wages, and interest rates to inflation have managed to sustain solid levels of economic growth for sustained periods with levels of inflation at ________, which would sound high by recent U.S. standards.

a. 10 percent to 30 percent per year b. 30 percen to 40 percent per year c. 5 percent to 10 percent per year d. 40 percent to 50 percent per year

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A decrease in the marginal physical product of labor shifts the demand for labor curve to the right

a. True b. False Indicate whether the statement is true or false

Economics