A contestable market is similar to a perfectly competitive market in that there
A) are barriers to entry.
B) are no barriers to entry.
C) can be only one firm in the market.
D) will be no entry if the existing firm earns an economic profit.
B
Economics
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A problem with official U.S. poverty data is that they
a. omit the rural poor b. do not account for inflation c. omit in-kind transfers such as food stamps d. do not reflect changes in the cost of living e. omit dividends and interest
Economics
Countries that typically run a trade surplus are:
A. China, Germany and the US. B. China, Germany, and Japan. C. Japan, Germany and the US D. China, Japan, and the US.
Economics