Even economists who advocate small government agree that
a. national defense is a common reso...
Even economists who advocate small government agree that
a. national defense is a common resource and that the government should provide it.
b. national defense is a public good and that the government should provide it.
c. national defense is a public good, but many of them believe that it should be provided by private firms rather than by the government.
d. national defense is a common resource, but many of them believe that it should be provided by private firms rather than by the government.
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Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.
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