According to William Shepard, the growth in competition from 1958 to 1988 in the United States can be attributed to

a. imports, efficient economic regulation, and antitrust activity
b. the rise of the global market and inflation
c. the fall of communism
d. imports, deregulation, and antitrust activity
e. exports, deregulation, and technological improvement

D

Economics

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The real minimum wage has increased significantly over the last 40 years

a. True b. False Indicate whether the statement is true or false

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Efficiency in output requires which of the following?

a. MC = MRP. b. MC = MFC. c. MC = MU. d. MC = AVC.

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