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Author Question: If a firm in a perfectly competitive industry introduces a lower-cost way of producing an existing ... (Read 64 times)

frankwu

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If a firm in a perfectly competitive industry introduces a lower-cost way of producing an existing product, the firm will be able to earn economic profits in the long run.
 
  Indicate whether the statement is true or false

Question 2

Economists played a key role in the development of merger guidelines by the Department of Justice and the Federal Trade Commission in 1982. These guidelines have three main parts. What are these parts?
 
  A) market definition; measure of concentration; merger standards
  B) economic analysis; political analysis; dynamic analysis
  C) concentration ratios; the Herfindahl-Hirschman Index; market standards
  D) concentration standards; concentration ratios; competitive analysis


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nhea

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frankwu

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


anyusername12131

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Reply 3 on: Yesterday
:D TYSM

 

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