One major economic benefit of global competition is:
A. Lower unemployment
B. Increased protection of domestic firms
C. Pressure to innovate
D. More leisure opportunities
C. Pressure to innovate
Economics
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A single-price monopolist produces a ________ quantity than a perfectly competitive market with the same costs and charges a ________ price than the perfectly competitive market
A) greater; higher B) greater; lower C) lesser; lower D) lesser; higher
Economics
How can a warranty at the seller's expense signal that a product is high quality?
What will be an ideal response?
Economics