Some governments have adopted statutes that require, under certain circumstances, payment greater than fair market value be paid to property owners for property seized through eminent domain
Indicate whether the statement is true or false
TRUE
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For a monopoly, marginal revenue is equal to
A) the amount people buy at a given price. B) the amount people buy between two prices. C) the change in total revenue brought about by a one-unit increase in quantity sold. D) the price multiplied by the quantity sold. E) the price of the product.
The various ways that vertical relationships can evade regulation include
a. tying the sale of a regulated good to a customer's choice of an unregulated good b. unbundling regulated and unregulated goods c. excluding sellers of competing unregulated goods d. insuring tax rates are uniform across jurisdictions
Real dollar amounts are essentially the same as nominal dollars.
A. True B. False C. Uncertain
Other things constant, an increase in the demand for bicycles will
a. decrease the price of bicycles. b. decrease the quantity of bicycles bought and sold. c. decrease the demand for bicycle workers and lower their wages. d. increase the demand for bicycle workers and increase their wages.