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Which of the following is not a source of market power? a. Product differentiation b. Economies of scale and scope c. Government regulation For which
Which of the following is not a source of market power?
a. Product differentiation
b. Economies of scale and scope
c. Government regulation
For which of the following businesses' sunk costs are more significant?
a.A U.S. Company that hires workers at will, and that can dismiss without cause.
b.A Japanese conglomerate that guarantees lifetime employment
c.A German firm which invested substantially on R&D to develop a new drug.
d.B and C.
e.All of the above.
d. Easy entry and exit in the industry
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