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