High concentration measures will understate the extent of competition in a market if
A) the true geographical scope of the market is global rather than national.
B) entry into the industry is easy.
C) the geographical scope of the market is regional rather than national.
D) Both answers A and B are correct.
D
Economics
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The gold standard system was:
A) a floating exchange rate system. B) a fixed exchange rate system, in which the country's currency was fixed relative to a pound of gold. C) a fixed exchange rate system, in which the country's currency was fixed relative to an ounce of gold. D) only used by the United States.
Economics
If the fiscal policy makers aim to increase aggregate demand, they will likely enact:
A. contractionary fiscal policy. B. expansionary fiscal policy. C. contractionary monetary policy. D. expansionary monetary policy.
Economics