One reason why, in the last four decades, the number of new auto makers in the world has been very small compared to the past is that
A) governments restrict who can produce automobiles.
B) new auto makers cannot obtain necessary inputs to produce new cars.
C) new producers cannot match the economies of scale of existing auto makers.
D) the automobile cannot be improved upon in any way by new producers.
C
Economics
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To correct a market failure, society typically relies on
a. the market to correct itself b. individual producers' cost-minimization procedures c. the industry policing itself d. the government to either tax, subsidize, or control output directly e. price to reach equilibrium
Economics
Net worth is
A) a measure of a firm's profits. B) unrelated to stockholders' equity. C) the difference between a firm's assets and liabilities. D) listed on the asset side of a firm's balance sheet.
Economics