Refer to Figure 11-4. Within a country, the impact of wars and revolutions and their subsequent destruction of capital is reflected in the per-worker production function in the figure above by a movement from

The Federal Register

A) itemizes state and local government spending. B) is used to track immigration. C) publishes all the new federal regulatory rules. D) has decreased in size.

Which of the following best describes the situation likely to unfold after a new manufacturing firm enters an oligopolistic market?

a. The new firm is initially hampered by economies of scale. b. The new firm initially has low costs of production that increase over time. c. The new firm has high sales during its early years followed by a sales decline. d. The new firm is initially very profitable.