Corporations, like individuals, face an alternative minimum tax (AMT).

With regard to preventing entry, if identical firms act simultaneously

A) they cannot credibly threaten each other. B) they will all incur losses. C) only one firm will enter the market. D) none of them will enter the market.

Which of the following statements is NOT consistent with new growth theorists' beliefs?

A) Innovation can lead to lower productivity costs. B) Inventions are much more important than innovation. C) Technology must be understood in terms of what drives it. D) Rewards lead to technological advances.