This topic contains a solution. Click here to go to the answer

Author Question: If more firms enter the telecommunications industry, we can expect the equilibrium price of telecom ... (Read 66 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
If more firms enter the telecommunications industry, we can expect the equilibrium price of telecom services to decrease and the equilibrium number of services to increase.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following will not shift the production possibilities curve outward?
 a. an improvement in technology, which increases the efficiency of inputs
  b. the discovery of significant oil reserves in Alaska
 c. a decrease in capacity utilization of existing factories
 d. additions to the stock of physical capital



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nanny

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

True

Answer to Question 2

c





 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

For a complete list of videos, visit our video library