Industrial organization economics explains mean reversion and the indifference principle in terms of
a) The zero-profit equilibrium
b) The operation the five forces of competition
c) The interaction of supply and demand
d) Marginal analysis.
ANS B
Industrial organization economics explains mean reversion and the indifference principle in terms of
a) The zero-profit equilibrium
b) The operation the five forces of competition
c) The interaction of supply and demand
d) Marginal analysis.
ANS B