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The dynamic process of competition

Special-interest legislation is characterized by

Markets fail to achieve ideal economic efficiency when externalities are present

A firm in a price-taker market

The three basic legal forms of business enterprise are

Which of the following is a characteristic of a competitive price-taker market?

Which of the following is characteristic of the corporate form of ownership?

Public choice analysis indicates that elected political officials will find it attractive to

Economic analysis suggests that bureaucrats and public-sector managers have a strong incentive to

Which of the following is inconsistent with the CAPM?