The government's economic programs and policies in the United States _____
a. are determined mostly by professional economists
b. are largely determined by looking at what other countries are doing
c. are a product of a democratic political system
d. are largely determined by corporations
c
You might also like to view...
Which of the following is an advantage of clustering?
a. New entrants can charge higher prices for products as compared to existing firms b. New entrants can have lower cost of gathering regional information about trends in the market. c. New entrants can benefit from favorable terms of trade. d. New entrants can engage in non-price competition with other firms in the industry. e. New entrants can charge low prices for their products.
If a monopolist can sell 20 units at price of $200 per unit and 30 units at a price of $180 per unit, its marginal revenue at an output of 30 is
A) $-200. B) $800. C) $1400. D) $1800.