If regulators were to ensure that monopolistically competitive firms follow a marginal cost-pricing rule:
a. new firms would be likely to enter the market
b. the most efficient firms would not likely be affected.
c. all firms would experience losses.
d. firms would operate at the most efficient scale.
c
Economics
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When taxes are cut, aggregate demand ________ and aggregate supply ________
A) decreases; increases B) increases; increases C) increases; does not change D) increases; decreases E) decreases; decreases
Economics
According to the "Rule of 70," how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5%?
A) less than 1 year B) 5 years C) 14 years D) 35 years
Economics