An oligopoly between two firms is called

Refer to the scenario above. If both economies have the same depreciation rate, then which of the following statements will be true?

A) Economy A will have a greater capital stock and a lower GDP than economy B. B) Economy A will have a greater capital stock and GDP than economy B. C) Economy A will have a lower capital stock and GDP than economy B. D) Economy A will have a lower capital stock and a greater GDP than economy B.

The primary reason why individuals are willing to pay entrepreneurs to organize production is

a. that they have to guarantee that the entrepreneur will make a profit b. they avoid taxation when activities are organized by someone else c. that it is better for businesses to pay taxes than individuals d. that it reduces transaction costs e. that entrepreneurs are more vulnerable in the case of the owner