Firms in different countries that face different input prices may produce the same good using different combinations of inputs, even though they have access to the same technology
Indicate whether the statement is true or false
TRUE
Economics
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In a multiplayer game of chicken, there can be no Nash equilibrium
Indicate whether the statement is true or false
Economics
If the marginal social benefit of a good equals the marginal private benefit of the good, then the marginal external benefit of the good
A) is zero. B) equals the marginal social benefit. C) equals the marginal social cost. D) equals the marginal private cost.
Economics