The process of invention is the act of
a. introducing a new product into the market.
b. applying a process in a new area of the market.
c. discovering a new process or product.
d. adopting an innovation to a profitable use.
c
Economics
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Natural barriers to entry arise when, over the relevant range of output, there
A) are diseconomies of scale. B) are constant returns to scale. C) are several firms who produce at the lowest average cost. D) are economies of scale. E) is one firm that owns a key natural resource.
Economics
First-differenced estimation is ideal for obtaining causal effects of explanatory variables that are constant over time.
Answer the following statement true (T) or false (F)
Economics