When a market has barriers to entry,
A) then in the long run it is possible for the firms to incur economic losses.
B) then in the long run the only possible outcome for the firms is zero economic profit.
C) then in the long run it might be possible for the firms to make economic profits.
D) oligopolies cannot be created.
E) the HHI almost always falls below 1,000.
C
Economics
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The situation in which buyers are able to affect the price of a good is referred to as ________ power
A) monopoly B) purchasing C) monopsony D) countervailing
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Which of the following directs the buying and selling of U.S. government securities?
a. Board of Governors b. District Federal Reserve Banks c. Federal Open Market Committee d. Federal Advisory Council e. member banks
Economics