Two key properties of indifference curves are that an indifference curve slopes
A) upward and is bowed out from the origin.
B) downward and is bowed out from the origin.
C) upward and is bowed in toward the origin.
D) downward and is bowed in toward the origin.
D
Economics
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The Brander-Spencer model identified market failure in certain industries due to
A) unfair competition. B) wildcat destructive competition. C) environmental negative externalities associated with pollution. D) limited competition. E) lack of excess returns.
Economics
The factor that most often leads to underpricing and overuse of an economic resource is human greed.
Answer the following statement true (T) or false (F)
Economics