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Competition policy is used to reduce _____________ in markets where firms are consistently able to set price above marginal cost and earn positive...
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Question

Competition policy is used to reduce _____________ in markets where

firms are consistently able to set price above marginal cost and earn positive economic profits.
Question 11 options:


market power


availability of substitutes


average costs


quantity produced
As opposed to the decentralized power in markets, _________ represent a concentration of economic power that allows them to make decisions and issue commands to workers.
Question 9 options:


Consumers


Governments


Employees


Firms


A lower interest rate _____________ the feasible set for borrowers and ____________ the feasible set for lenders.
Question 5 options:


increases; increases


decreases; decreases


decreases; increases


increases; decreases

Step-by-step answer

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Subject: Business, Economics

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