Which of the following is not a barrier to entry into a monopoly market?
A.) The exclusive right to produce a good.
B.) The existence of substitute goods.
C.) Legal action against new firms that enter the market.
D.) A patent on important technology.
B.) The existence of substitute goods.
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Can a firm achieve technological efficiency without achieving economic efficiency?
What will be an ideal response?
One advantage of user charges is they _____
a. increase with inflation b. they apply the ability-to-pay principle of taxation c. help ration consumption of the taxed good d. a and c
A country has a trade deficit. Its
a. net capital outflow must be positive, and saving is larger than investment. b. net capital outflow must be positive and saving is smaller than investment. c. net capital outflow must be negative and saving is larger than investment. d. net capital outflow must be negative and saving is smaller than investment.
A partnership in which all partners have joint authority to make decisions for the firm and joint liability for the firms financial obligations
What will be an ideal response?