As the economy nears the end of a recession, which of the following do we typically see?
A) further decreases in consumer spending
B) increased spending on capital goods by firms
C) increasing interest rates
D) all of the above
Answer: B
Economics
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High barriers to entry protect the market power of existing firms and discourage the formation of firms which:
a. invest heavily in research and development activities. b. use illegal procedures to capture the market. c. are inefficiently small and cannot realize economies of scale. d. are large enough to dominate the existing firms.
Economics
When there is a kinked demand curve, an oligopolist's competitors will match price increases
Indicate whether the statement is true or false
Economics