Which of the following cannot be classified as a market structure?
a. Oligopoly
b. Monopolistic Competition
c. Mergers
d. Perfect Competition
Question 2
If two alternative economic models are offered, other things equal, we would
a. tend to pick the one with the lowest R2.
b. select the model that is the most expensive to estimate.
c. pick the model that was the most complex.
d. select the model that gave the most accurate forecasts
e. all of the above