A contestable market is one in which there are
A) one or a few firms, and entry into the market is costly.
B) one or a few firms, and entry into the market is not costly.
C) many firms, and entry into the market is costly.
D) many firms, and entry into the market is not costly.
B
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Entitlement spending is included in discretionary spending for the U.S. government
Indicate whether the statement is true or false
Consumer’s surplus is the difference between the worth of a commodity to the consumer and the price the consumer pays for the commodity.
Answer the following statement true (T) or false (F)
Popeye receives a marginal utility of 12 utils for the last can of spinach consumed. If the price of a can of spinach is 50 cents per can, then the marginal utility per dollar spent on the last can of spinach is equal to: a. 6 utils per dollar
b. 12 utils per dollar. c. 18 utils per dollar. d. 24 utils per dollar.
Treasury securities have ____ risk of default and mortgage-backed securities have ____ risk of default.
A. no; no B. no; some C. some; no D. some; some