In a Bertrand model, market power is a function of

A) marginal cost.
B) the number of firms.
C) price elasticity of supply.
D) product differentiation.

D

Economics

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Real domestic interest rates would increase in a large open economy if

A) there were a temporary negative domestic supply shock. B) the government imposed capital controls and the capital and financial account had been in deficit. C) foreigners were more willing to save. D) there were a temporary negative supply shock abroad in a small open economy.

Economics

How have the trade policies of developed countries discouraged new exports of less-skilled-labor-intensive manufactured goods by developing countries?

What will be an ideal response?

Economics