One of the important points of criticism of industrial policy is that:
a. it can lead to stiff competition among the domestic firms in an economy.
b. small domestic firms will not be able to survive economic clustering
c. government sponsored research will end up benefitting foreign countries.
d. it can prohibit regional innovations.
e. the knowhow in one firm will not spill over to other firms in an economy.
c
Economics
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A profit maximizing single-price monopolist charges a price equal to
A) average total cost. B) marginal revenue. C) the highest price consumers are willing to pay for the profit maximizing quantity. D) the price necessary for the firm to earn a normal return on its investment.
Economics
Which of the following involves payment of part of the face value or principal prior to maturity?
A) fixed-payment loan B) coupon bond C) discount bond D) simple loan
Economics