The "laissez-faire perspective" in antitrust policy strongly espouses in the following beliefs, except:
A. Competition among firms is a battle for dominance
B. The focus of antitrust policy should be on market structure rather than behavior
C. Competition and creative destruction could lead to monopolies
D. Monopoly pricing and profits create incentives for firms that are economically beneficial
B. The focus of antitrust policy should be on market structure rather than behavior
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Suppose an economist claims there are substitutes for wetlands. The person is saying
A) wetlands are of no value. B) wetlands are worth less than their substitutes. C) there is a cost to maintaining a wetland. D) there is a cost to maintaining a wetland, and it is necessarily too high. E) economists don't like wetlands.
GDP is not a complete measure of well-being
Indicate whether the statement is true or false