________ is the market structure in which there are a few rival firms

The above figure shows the payoff matrix facing an incumbent firm. Assuming a fixed cost of entry, will the incumbent deter entry? Why?

What will be an ideal response?

If a nation borrows $250,000 each year for five consecutive years, the absolute value of the government deficit is _____

a. $500,000 b. $750,000 c. $250,000 d. $1,250,000