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.
Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an
Various members of the Sciuridae family
Factors that contribute to the growth of family members.
Should we restore YellowstoneNationalPark, as our flagship National Park, to include the natural ...
Selected Natural Products
Natural Causes of Climate Change