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.
The Grants' investigation of natural selection in finches.
A 19-foot-long blue whale skull in the collections of the Smithsonian Museum of Natural History
Alexander Fleming photographed in his lab where he observed the natural competition between a fungus
Natural Hazards
When a Tornado Strikes: Social Organization Following a Natural Disaster
Natural Settings