WitrynaImperfect Markets. a. Explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets. b. If perfect markets existed, would … Witryna13) Imperfect competition A) means there is no competition in the market. B) results in less efficient market outcomes. C) should always be regulated by the government D) is a major cause of externalities in the market. 14) Monopolies, oligopolies, and monopolistic competitive industries all A) earn positive profits in the long run.
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