If more firms enter the telecommunications industry, we can ...

[sam.t96]

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

[nanny]

Answer to Question 1

True

Answer to Question 2

c

[sam.t96]

Thank you

[nanny]

No problemo