A significant gain from trade in an oligopolistic market results from the increase in the number of product varieties that trade brings.
Answer the following statement true (T) or false (F)
False
Economics
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The Economic Freedom of the World measure indicates that the United States
a. was the freest economy in the world in 2010. b. has experienced a decline in economic freedom since 2000. c. has experienced an increase in economic freedom since 2000. d. continues to be substantially more free than Australia, Canada, and Chile.
Economics
If a perfectly competitive firm is producing at an output at which marginal cost exceeds marginal revenue
A) price will be at the profit maximizing level. B) sales will be at the profit maximizing level. C) the firm should expand production. D) the firm should reduce production.
Economics