1.
Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?
2.
A good example of a public good is ?
3.
Market failure may arise because of ?
4.
If my neighbour burns garden waste causing my house to fill with smoke this is an example of ?
5.
A competitive equilibrium is Pareto-efficient because ?
6.
In the insurance industry, high-risk customers are more likely to take out insurance. This is an example of ?
7.
In Nash equilibrium each player chooses the best strategy ?
8.
When a market is contestable, incumbent firms must __________ to avoid the entry of new competitors?
9.
All of the following are types of imperfect competition except ?
10.
Which of the following is the government most likely to subsidies ?
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