All of the following, except one, would serve to increase competition in an oligopoly. Which is the exception?
a. increased imports from foreign firms
b. an increase in the minimum efficient scale
c. an increase in the size of the market
d. new technologies that reduce barriers to entry
e. action by the U.S. Justice Department to break up large firms
B
Economics
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Refer to Figure 9.2. A movement from point b to point a could be caused by a(n)
A) increase in government spending. B) decrease in the price of oil. C) increase in taxes. D) a massive crop failure.
Economics
If your bank receives a checkable deposit of $20,000 . and the banking system makes loans totaling $180,000 . the maximum possible, then the required reserve ratio must be:
a. 0.10. b. 0.20. c. 0.25. d. 0.40. e. 0.50.
Economics