Workers displaced due to technological change usually find it difficult to get new jobs

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Distinguish between comparative advantage and absolute advantage

What will be an ideal response?

Economics

Monopolistically competitive firms

A) have market power because they can set price above marginal cost. B) have no market power because they earn zero economic profit. C) have no market power because of free entry. D) have no market power because price equals marginal cost.

Economics