Which of the following is not a drawback of utilitarianism?
a. There exists no valid way to make interpersonal utility comparisons.
b. Is incompatible with the Pareto criteria.
c. It is not directly compatible with economic efficiency.
d. It implies social arrangements that most people would find objectionable.
b
Economics
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In the specific factors model, which of the following is treated as a specific factor?
A) land B) labor C) cloth D) food E) technology
Economics
If an incumbent threatens to retaliate against entry, but its profits are greater under accommodated entry than under the proposed threat, potential entrants will ignore the threat
What will be an ideal response?
Economics