If there are strong economies of scale and scope, then society
a. will not be able to prevent overt collusion.
b. will benefit from establishing a cartel.
c. cannot benefit from regulation of a natural monopoly.
d. will not be able to preserve free competition.
d
Economics
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Define and explain how we calculate the marginal propensity to consume and the marginal propensity to save
What will be an ideal response?
Economics
Socialism is correctly described by which of the following statements?
a. Central planning is used exclusively to answer the basic economic questions. b. Markets are used exclusively to answer the basic economic questions. c. Tradition is used exclusively to answer the basic economic questions. d. Government ownership of many resources and centralized decision-making answers the basic economic questions.
Economics