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If the government deregulates the airline industry then: a. less competition will be expected c. a perfectly competitive market will exist b. producers will have more control
over the price charged for their product d. none of the above
If the government deregulates the airline industry then: A. less competition will be expected.
Expert answered|andrewpallarca|Points 24911|
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Asked 8/28/2013 4:14:29 PM
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Which of the following is one market trend that results when a monopolistically competitive firm starts earning profits well above its costs? a. The firm would become an oligopolistic firm because it has effectively eliminated the competition and now dominates the market alone. b. The firm would try to lure 100 percent of customers by flooding the market with defective products. c. Fierce competition would encourage rivals to create new ways to differentiate their ...
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Asked 8/28/2013 11:22:01 AM
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Cartels are difficult to operate for which of the following reasons? a. They work only if members keep to their agreed output. b. They are illegal worldwide. c. Firms in a cartel are likely to lose money. d. The products are perfectly competitive
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Asked 8/28/2013 11:38:34 AM
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The government is involved in the U.S. economy for all of the following reasons EXCEPT to a. promote and encourage competition. b. prevent monopolies that deny the public the benefits of competition. c. regulate industries in which a monopoly is in the public interest. d. promote the development of market externalities.
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Updated 246 days ago|12/24/2015 8:43:48 AM
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The government is involved in the U.S. economy for all of the following reasons EXCEPT to promote the development of market externalities.
Added 246 days ago|12/24/2015 8:43:48 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by selymi [12/25/2015 4:30:45 AM]
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