____ yields the same results as the theory of perfect competition, but requires substantially fewer assumptions than the perfectly competitive model
a. Baumol's sales maximization hypothesis
b. The Pareto optimality condition
c. The Cournot model
d. The theory of contestable markets
e. none of the above
d
Economics
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Refer to Figure 4-9. What is the size of the unit tax?
A) $8 B) $5 C) $3 D) cannot be determined from the figure
Economics
The three stages of economic development include
A) the agriculture stage, the manufacturing stage, and the service sector stage. B) the computerized stage, the agriculture stage, and the manufacturing stage. C) the feudal stage, the agriculture stage, and the totalitarian stage. D) the agriculture stage, the manufacturing stage, and the socialist stage.
Economics