A predatory pricing strategy will have the greatest chance of success when the predatory price is set below the cost of the firm's competitors, new rivals are unlikely to enter after the strategy ends, and profits can be recouped in a relatively

A government regulation that bans the use of a certain polluting technology in the production of a good is an example of a ________ to solve an externality

A) social enforcement mechanism B) command and control approach C) market-based approach D) Coasian approach

Chaletland should _____ interest rates during a recession and _____ interest rates during an economic boom in order to maintain long-run equilibrium.

A) Increase; increase B) Decrease; decrease C) Decrease; increase D) Increase; decrease