Spencer and Brander's Model Highlights the Existence of

question 42

Multiple Choice

Spencer and Brander's model highlights the existence of

• A) aircraft industries.
• B) excess returns present in highly competitive markets.
• C) excess returns, or rents, available in non-competitive markets.
• D) the futility of government bureaucrats' attempts to build an airplane.
• E) natural advantages in foreign technology firms.

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Definitions:

Asymmetry

The lack of equality or equivalence between parts or aspects of something; not symmetrical.

Eyelids

Thin layers of skin that cover and protect the eyes.

Cerebral Lobe

Any of the divided regions of the brain’s cerebral cortex, each associated with various functions such as sight, movement, and memory.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.