Author Question: Increased international trade and deregulation have resulted in a. increased competition in the ... (Read 71 times)

Yi-Chen · **on:** Jun 30, 2018

Increased international trade and deregulation have resulted in
a. increased competition in the U.S. economy
b. greater monopolization of industries in the U.S. economy
c. more oligopolies and cartels in the U.S. economy
d. greater government intervention in the U.S. economy
e. no changes in the U.S. economy

Question 2

The term allocative efficiency refers to
a. the level of output where MC = AVC
b. the equality between MR and MC
c. the production of those goods and services most valued by consumers
d. the point where marginal revenue equals average total cost
e. the production of a good up to the point where AFC = 0