Barriers to entry include network externalities and patents.
Answer the following statement true (T) or false (F)
True
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Under the Exchange Rate Mechanism of the European Monetary System, when the British pound depreciated below its lower limit against the German mark, the German central bank was required to buy ________ and sell ________,
thereby ________ international reserves. A) pounds; marks; losing B) pounds; marks; gaining C) marks; pounds; gaining D) marks; pounds; losing
Managers should do more of an activity if it adds more to revenue than it adds to cost
Indicate whether the statement is true or false
The equilibrium price is sometimes called the:
A. market-clearing price. B. maximum price. C. optimum price. D. quantity-clearing price.
Refer to the graph below. Suppose that its shows the S and D graphs in a market where the product has all the characteristics of a public good. In this case, the government should use its coercive power to make:
A. The supply curve shift to the left
B. The supply curve shift to the right
C. The demand curve shift to the left
D. The demand curve shift to the right