One of the main sources of comparative advantage is internal economies
Indicate whether the statement is true or false
FALSE
Economics
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In developing countries, the highest returns are from investing in
A) sanitation systems. B) transportation systems. C) defense. D) education.
Economics
Suppose Cournot duopolist firms operate with each having a cost of 30qi (i = 1,2 ) so that each firm's marginal cost is 30. The inverse market demand curve is P = 120 - Q where Q = q1 + q2. At the Nash-Cournot equilibrium, the market price, P, is
A) 30. B) 45. C) 60. D) 90.
Economics