Refer to the above figure. Which of the above graphs represents an unequal income distribution?

What are institutions? What is the institutions hypothesis of economic growth?

What will be an ideal response?

Which of the following statements is true?

A) Monopoly is characterized by no entry barriers. B) Perfect competition is characterized by high entry barriers. C) Firms in a market with entry barriers are likely to have more market power than firms in a market with no entry barriers. D) Firms in a market with no entry barriers are likely to have more market power than firms in a market with entry barriers.