New firms entry in industry
What persuades new firms to enter in an industry? Answer: Abnormal profit encourages new firms to enter an industry.
What persuades new firms to enter in an industry?
Answer: Abnormal profit encourages new firms to enter an industry.
Describe unequal burdens of unemployment exist?
Briefly describe Net income approach? Named who recommended this theory?
A perfectly competitive industry achieves allocative efficiency since: w) goods and services are produced at the lowest possible cost. x) services and goods are produced up to the point where the last unit gives a marginal benefit to consumers equivalent to the margin
How the government can increase the overall effectiveness of the market system?
What is the opportunity cost of attending college? In 2000, nearly 80% of college-educated Americans held jobs, whereas only about 40% of those who did not finish high school held jobs. How might this difference relate to opportunity costs?
Describe North American Free Trade Agreement (NAFTA)?
What are the 4 phases of the business cycle?
Why Public or social goods not be produced through the market?
Give a brief introduction of the term combined leverage? And in what manner it is calculated?
Illustrate a summary of what can cause an increase in demand?
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