Newcomers will be enticed to enter an oligopolistic market when ______.
a. entry is easy and there is zero long-run economic profit
b. entry is easy and there are excess profits
c. economies of large-scale production exist
d. a cartel agreement is in place that benefits social welfare
b. entry is easy and there are excess profits
Economics
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Explain the importance of the shape of supply curve for undertaking stabilization policies
Economics
Which of the following indicates that the U.S. economy has become more stable since 1950?
A) longer recessions B) shorter expansions C) less severe fluctuations in real GDP D) All of the above indicate that the U.S. economy has become more stable since 1950.
Economics