Spencer and Brander's model highlights the existence of

A) aircraft industries.
B) excess returns present in highly competitive markets.
C) excess returns, or rents, available in non-competitive markets.
D) the futility of government bureaucrats' attempts to build an airplane.
E) natural advantages in foreign technology firms.

C

Economics

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Suppose a country's debt rises by 6% and its GDP rises by 5%. What happens to the debt-GDP ratio?

A) It rises if there is a budget deficit that period. B) It falls. C) It rises. D) There is insufficient information to answer the question.

Economics

In the modern U.S. economy, most transactions are made with

a. cash. b. gold and silver. c. credit cards. d. checking deposits.

Economics