There is lack of strong incentives in a monopoly industry, relative to a competitive industry to
A. Use minimum average cost pricing.
B. Increase innovation.
C. Inhibit productivity advances.
D. Lower prices and increase output.
Answer: B
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The benefit received from the continuance of an environmental good is called
a. user value c. existence value b. stewardship d. vicarious consumption
Inheritance is responsible for about ________ percent of the income inequality in the United States
A) 10 B) 25 C) 40 D) 60
Inflation occurs when there is an increase in the purchasing power of money
a. True b. False Indicate whether the statement is true or false
Suppose a permanent increase in demand for the Argentinean peso causes a chronic shortage of this currency in the foreign exchange market. The Argentinean government should then:
a. request other countries to revalue their currency. b. devalue the peso. c. allow the peso to appreciate. d. restricts exports. e. restrict imports.