In panel data, the regression error

A) is likely to be correlated over time within an entity
B) should be calculated taking into account heteroskedasticity but not autocorrelation
C) only exists for the case of T > 2
D) fits all of the three descriptions above

Answer: A) is likely to be correlated over time within an entity

Economics

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Which of the following must a firm in a market economy do today to succeed?

A) efficiently organize production B) produce existing goods and services at a lower cost C) produce new or better goods or services D) Market firms today must do all of these things.

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