Firms have tried a number of different strategies to reduce the negative effects of competition on their ability to earn economic profits
Which of the following strategies is most desirable from the viewpoint of economic efficiency and consumer well being? A) Collusion.
B) Price leadership.
C) Formation of cartels.
D) Investment in research and development.
D
Economics
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Assume the population growth rate is 2 percent and the real GDP growth rate is 5 percent. The change in standard of living, as measured by the growth rate in real GDP per person, is
A) 7 percent. B) 2.5 percent. C) 5 percent. D) 3 percent. E) -3 percent.
Economics
Connecting public roads in one city to public roads in another is an example of a _____ problem where larger governments can help smaller governments
a. negative externalities b. economies of scale c. prisoners' dilemma d. coordination problem
Economics