Rivalry among firms would tend to be high if
a. Firms are located further from each other
b. Firms are located close to one another
c. There is only one firm in the market
d. None of the above
b
You might also like to view...
Which of the following is true regarding the measurement of GDP?
A) Wages and profit income are used in the income approach to GDP. B) Wages and consumption are used in the expenditure approach to GDP. C) Consumption and investment are used in the income approach to GDP. D) Government expenditure is only counted in the income approach to GDP. E) Investment and wages are expenditures, and are therefore are used in the expenditure approach to GDP.
When were the first federal antitrust laws enacted in the United States?
a. around the turn of the twentieth century b. after World War II c. after World War I d. during the Great Depression e. with the U.S. Constitution, in 1787