Which statement is true?
A. American industry is very competitive.
B. There is no competition in American industry.
C. In order to have competition you need to have many firms in an industry.
D. The electrical and natural gas industries are good examples of competition at work.
C. In order to have competition you need to have many firms in an industry.
You might also like to view...
Increased United States military expenditures and action in response to the terrorist attacks of September 11, 2001 suggest that military officials in the United States _____
a. could not wait to go to war b. view the War on Terror as a negative externality c. believe that military expenditures can act as a deterrent d. are incompetent
Which of the following economic conditions cause export growth to be a basis for faster overall economic growth?
A) Diseconomies of scale in production for the domestic market B) A larger-than- average service sector C) A larger-than-average manufacturing sector D) Economies of scale in production for the world market