In the long run, a monopolistically competitive firm produces at efficient scale
a. True
b. False
Indicate whether the statement is true or false
False
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When the government prohibits certain kinds of market behavior such as monopoly and monopolistic practices it generally does so through
A) regulatory agencies such as the Interstate Commerce Commission or the Federal Communications Commission. B) antitrust law. C) the police powers of the states. D) use of the capture theory of regulation.
What does it mean for a good to be non-rival in consumption?
What will be an ideal response?
The government budget deficit, ________, is ________ when saving exceeds domestic investment
A) (T - G), created B) (T - G), partially financed C) (G - T), created D) (G - T), partially financed
What are the three categories of the costs of taxes to taxpayers?