Producers of close substitutes have little or no incentive to merge.
Answer the following statement true (T) or false (F)
False
Economics
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What effect does an increase in the MPC have on the slope of the AE curve?
What will be an ideal response?
Economics
In the case of a small country, consumer surplus
A) decreases less with a tariff than with an equivalent quota. B) decreases less with a quota than with an equivalent tariff. C) is not changed by tariffs or quotas. D) decreases the same with tariffs and equivalent quotas. E) increases more with quotas.
Economics
In the presence of asymmetric information, production efficiency is assured when the principal and agent share the profit
Indicate whether the statement is true or false
Economics
What is meant by the concept of a “coordination failure” in macroeconomics?
What will be an ideal response?
Economics