Sharecropping successfully replaced the slavery system
Indicate whether the statement is true or false
False
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Relative to the case in which two identical firms choose quantities simultaneously in a Cournot model, if one of the two moves first and is observed by the other, how would this affect its output?
a. it would increase its output, more so if it could deter the other from entering the market at all. b. it would increase its output, but would moderate this increase if it were concerned about entry deterrence. c. it would decrease its output if it couldn't deter entry and increase it otherwise. d. it would decrease its output whether or not it wanted to deter entry.
In a market economy, people who control large amounts of capital ______.
a. have the ability to get more goods and services b. have reduced access to goods and services c. share goods and services equally with others d. are elected government officials