Which of the following is true?
a. Competitive forces are present even in markets with high barriers to entry.
b. Quality competition is an unimportant element of the competitive process.
c. Profitability and high prices discourage technological change and the development of substitute products.
d. Government regulations have substantially increased the quality of American manufacturing products in recent years.
A
Economics
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A consumer's indifference curves can never cross
Indicate whether the statement is true or false
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Countries that have high rates of savings also have
A) high rates of investment. B) low rates of investment. C) stock market bubbles. D) low rates of growth. E) no international trade.
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