Oligopolists are more sensitive to the pricing and output policies of their rivals when
a. all firms produce identical products
b. their products are highly differentiated
c. there is freedom of entry and exit
d. there are barriers to entry
e. there are many firms in the industry
Question 2
To the extent that special-interest groups engage in rent seeking, they
a. are guilty of tax evasion
b. tend to make the economy more efficient
c. support legislation transferring wealth to themselves only if the measure increases the economy's overall efficiency
d. shift resources from endeavors that create income to activities that simply transfer income
e. tend to increase the economy's total output of goods and services while redistributing income
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Fura-2, a Ca2+-sensitive fluorochrome, can be used to monitor the relative conce
The output on this alternator is printed on a label.
Policies on fertility and population growth
Consider a two-period economy with no investment opportunities: first and second period output ...
The results of reciprocal crosses between streptomycin-resistant and streptomycin-sensitive