Refer to the figure above. If the government was to auction quota licenses competitively, it could earn up to

How can technological innovations be a source of unemployment?

What will be an ideal response?

If the leading canned soup company introduces dozens of new flavors in order to dominate shelf space, the company is most likely trying to create a barrier to entry by

a. increasing the total investment needed to reach the minimum efficient size b. spending more on advertising than potential competitors can afford c. exploiting economies of scale d. crowding out the competition e. establishing an undifferentiated oligopoly