All of the following are ways by which existing firms can deter the entry of new firms into an industry except
A) continuously producing new and improved products.
B) advertising products aggressively.
C) threatening to raise prices.
D) earning less than maximum profit.
C
Economics
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In the short run, the nominal interest rate is affected by changes in the money supply perceived to be temporary, but once ___ adjust(s), the nominal interest rate ___ in the long run.
a. the supply of money; rises b. the price level; will revert to its former level c. expectations of interest rates; falls d. real GDP; does not change
Economics
A subsidy is sometimes used by the government to correct the problems associated with
A) negative externalities. B) positive externalities. C) public goods. D) monopolies.
Economics