Entrepreneurship is a a distruptive b stabalizing force in


1. Entrepreneurship is a A. Distruptive B. Stabalizing force in an economy.

2. True or False: Economic models cannot fully capture the dynamic process of competition, in particular, the discovery of new products and methods.

3. True or False: Our standard of living would be higher if the government always bailed out troubled businesses.

4. True or False: If a firm is operating in a contestable market, it should operate at the efficient production level and earn a positive profit.

5. The contestable market model has important policy implications. If there is concern that a market is not sufficiently competitive, what can policymakers do to increase competition in a given industry? Check all that apply.

- Increase entry barriers

- Decrease entry barriers

- Decrease regulations

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Business Economics: Entrepreneurship is a a distruptive b stabalizing force in
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