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Those who contend that oligopolists are less likely than more competitive firms to engage in R&D say that:
A. entry barriers enable oligopolists to sustain the profits they gain from innovation.
B. Oligopolists have little incentive to introduce costly new technology and produce new products when they currently are earning large economic profit using existing technology and selling existing products.
C. the large size of oligopolists' R&D departments allow them to use very specialized, expensive R&D equipment and employ teams of specialized researchers.
D. the undistributed profits of oligopolists give them a source of readily available, relatively low cost funds for financing R & D.
A change in the real money supply can result from a change in nominal money supply through Federal Reserve policy.
It all begins two years ago when the officials in Plentiful decided to raise the tipping fees at their Raw End
Estimate the own price-elasticity of demand.
Illustrate what is the difference among National Income, Gross National Product, and Gross Domestic Product? Why do most countries now use GDP as a measure of national output?
A paper detailing explain why the US dollar might be replaced as the nation's reserve currency by the Euro or the IMF's Special Drawing Rights.
In a short run situation in which quantity demanded equals quantity supplied in a competitive industry, with price greater than the average cost of the typical firm,
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
Elucidate why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly.
Elucidate whether each of the subsiquent would make fiscal policy more effective or less effective
Compute the effective price reduction resulting from the coupon promotion.
Explain why Brownstown's management was reluctant to release this information to its lenders.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
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