Which of the following is NOT a cause for an oligopoly to exist?
A. barriers to entry
B. horizontal mergers
C. structural dependence
D. economies of scale
Answer: C
You might also like to view...
The United States produces both automobiles and computers more efficiently than Mexico. Nevertheless, it is possible that both nations would benefit from trade in these items. The reason for this is
A. the law of comparative advantage. B. the inflation-unemployment trade-off. C. externalities. D. the cost disease of personal services. E. attempts to repeal the law of supply and demand.
When saving is less than planned investment in the aggregate expenditures model of a private closed economy then:
A. Real GDP will decrease B. The rate of interest will decline C. There will be a decline in the price level D. There will be a rise in real GDP
In a general equilibrium model, a tax on a single factor in its use only in a particular sector can affect returns to all factors in all sectors.
A. True B. False C. Uncertain
What does the production possibilities frontier imply about the resource allocation?
A. Only some points on the curve are efficient. B. All points on the curve are equally efficient. C. A point that lies below the curve is more efficient. D. A point that lies above the curve is readily achievable.