A market economy benefits from market power
A) if firms with market power do research and development with the profits earned.
B) if market power gets so bad the government creates public enterprises.
C) if the majority of the population are entrepreneurs.
D) under no circumstances.
A
Economics
You might also like to view...
According to Okun's law, if the cyclical unemployment rate increases by 3 percentage points, real GDP growth will decrease by about 3 percentage points
Indicate whether the statement is true or false
Economics
When the unemployment rate _________ the natural unemployment rate, real GDP is _________ potential GDP and the output gap is _________
A. exceeds; below; negative B. is below; below; negative C. exceeds; above; positive D. is below; above; negative
Economics