Which of the following has also been called the command and control approach?

New firms enter a monopolistically competitive market structure in the long run if the price charged by the existing firms in the short run ________

A) exceeds the average total cost of production B) equals the average fixed cost of production C) equals the average variable cost of production D) equals the price charged in a perfectly competitive market

The double taxation of corporate profit in the United States refers to the fact that

A) tax rates on partnerships are very high. B) depreciation is not a deductible expense. C) corporate profit is first taxed and then any dividends paid are subject to personal income tax. D) proprietorships are not subject to any tax on earnings.