A firm that is the only firm in the industry may not behave like a monopolist in order to deter entry of other firms. ?
Answer the following statement true (T) or false (F)
True
Rationale: This will happen when fixed entry costs are not too high nor too low. The firm will produce more to deter the entry of other firms.
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Which of the following statements are CORRECT?
I. The average economic growth rate in real GDP per person in the United States over the last century was 5 percent per year II. The United States has the highest economic growth rate of any nation. A. II only B. neither I nor II C. both I and II D. I only
Who of the following is counted as unemployed?
A) Rene, a retired chemist B) Homer, a full-time student at a vocational school C) Kim, a worker on strike from her company for a week D) Glenn, a student who just graduated from college last week and is currently looking for a job