Trade only occurs if there are only winners, and no losers, as a result of the trade
Indicate whether the statement is true or false
FALSE
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When an industry has many firms, the industry is
a. an oligopoly if the firms sell differentiated products, but it is monopolistically competitive if the firms sell identical products. b. an oligopoly if the firms sell differentiated products, but it is perfectly competitive if the firms sell identical products. c. monopolistically competitive if the firms sell differentiated products, but it is perfectly competitive if the firms sell identical products. d. perfectly competitive if the firms sell differentiated products, but it is monopolistically competitive if the firms sell identical products.
The use of public money to attract sports is
A. overwhelmingly in baseball. B. limited to football. C. expanding to include spring training baseball sites. D. now causing the Master's golf tournament to move to Las Vegas.