Adkins Air is the only seller offering service directly from Milwaukee to Greensboro. The market is contestable. Thus the Nash Equilibrium for a game between Adkins Air and a potential entrant is when the potential entrant
A) enters and Adkins earns a normal profit.
B) enters and Adkins earns an economic profit.
C) does not enter and Adkins earns a normal profit.
D) does not enter and Adkins earns an economic profit.
C
Economics
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Early structural adjustment programs were least likely to include
a. social safety nets b. currency devaluations c. restrictions on money supply growth d. import liberalization e. most programs included all of these
Economics
Assume that a firm has $100 million in real assets and $90 in real liabilities. If the price level falls by ten percent, the real value of liabilities would ________
A) fall to $81 million B) change, but more information must be provided to determine the exact movement C) remain unchanged D) rise to $99 million
Economics