Some economists believe that monopolies are both inevitable and beneficial to society. They believe that monopolies are more efficient than competitive markets and generate lower prices. For these reasons they oppose _ and advocate __

a. antitrust laws; laissez-faire
b. laissez-faire; antitrust laws
c. nationalization; regulation
d. regulation; nationalization
e. antitrust laws; nationalization

Economics

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An externality refers to an economic event which takes place outside of a market

Indicate whether the statement is true or false

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Economics

Refer to Figure 3.2. If Wilma plays North and Betty plays East, what is Betty's payout?

A) 12 B) 15 C) 16 D) 21

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Economics

Some economists believe that monopolies are both inevitable and beneficial to society. They believe that monopolies are more efficient than competitive markets and generate lower prices. For these reasons they oppose _________ and advocate __________

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Some economists believe that monopolies are both inevitable and beneficial to society. They believe that monopolies are more efficient than competitive markets and generate lower prices. For these reasons they oppose _ and advocate __