Natural resource cartels such as OPEC are inherently unstable because their members operate with excess capacity and have an incentive to cheat on their output quotas.
Indicate whether the statement is true or false
Question 2
Which of the following statements is consistent with the views of Joseph Schumpeter?
A) An economy benefits from firms having market power because these firms are more likely to be able to commit funds for research and development.
B) Enforcement of antitrust laws is necessary to promote competition among firms.
C) A lack of competition discourages firms from developing new technologies.
D) Research and development by competitive firms is responsible for most technological changes.
Negative feedback as a mechanism by which homeostatic control systems operate.
Dentition of a collared peccary, as illustrated in Knight's Sketches in Natural History
Various members of the Sciuridae family
Selected Members of the Classes of Neurotransmitters
Low (or No) Natural Growth
Stages of Natural Birth "مراحل الولادة الطبيعية"