According to some economists, firms in some industries gain a performance advantage by:
a. dumping
b. charging a zero price for products.
c. clustering.
d. reducing R&D spending.
e. increasing labor wage.
c
Economics
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For an individual LM curve, the money supply is assumed to
A) be constant. B) grow at a rate equal to the interest rate. C) grow at a rate equal to the growth rate in income. D) grow at a rate equal to the marginal propensity to consume.
Economics
In the long-run, firms in a monopolistically competitive industry will
a. earn substantial economic profits b. tend to just cover costs, including normal profits c. seek to increase the scale of operations d. seek to reduce the scale of operations
Economics