The most a monopolist can sell at any given price is:
A. constrained by the availability of inputs.
B. less than if it were a perfectly competitive market.
C. the amount demanders are willing to buy at that price.
D. the amount he alone can supply the market with.
Answer: C
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The Fed:
a. has little control over the money supply. b. serves as the central bank for the United States. c. often uses a mix of lower taxes in its fiscal policy. d. ensures commercial bank profitability.
Ceteris paribus, the greater the increase in the money supply, the __________ the inflation rate, the __________ the expected inflation rate, and the __________ the interest rate
A) higher; higher; higher B) lower; lower; lower C) higher; lower; higher D) lower; higher; lower E) higher; lower; lower
When the Fed engages in an open market sale, the money supply ________ and the nominal interest rate ________.
A. increases; decreases B. decreases; increases C. increases; increases D. decreases; decreases
The PAYGO rule was allowed to expire in which year?
A) 1990 B) 1991 C) 2002 D) the PAYGO rule still exists