Perfect competition is more conducive to technological change than any of the other market structures.

Over the air television signals are ____________ ; television signals available through cable are

a. Public goods, public goods b. Public goods, common property resources c. Private goods, private goods d. Common property resource, private goods

On a bowed production possibilities frontier, as you move down along the curve

a. more of one good must be given up to receive one unit of the other good. b. the available production technology does not change. c. the opportunity cost increases. d. All of the above are correct.