Goods produced in the U.S. are made more competitively priced when

Explain how an economy which is presently above its balanced growth path will converge back to its balanced growth path?

What will be an ideal response?

Which of the following differentiates firm behavior in oligopoly from firm behavior in other market structures?

a. They are price makers. b. They collude to lower prices together. c. They collude to raise prices together. d. They are price takers. e. They take into consideration how other firms might react to their actions.