Monopoly firms have a downward sloping curve in the short-run because
a. They have no close substitutes
b. There are no barriers to entry
c. They have no cost advantage over their rivals
d. None of the above
a
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Failure to coordinate monetary policies with ________ exchange rates can lead to ________ that might be offset by coordination
A) floating; negative externalities B) floating; sterilization C) fixed; negative externalities D) fixed; sterilization
If protective import-restricting quota are imposed by a country, all of the following groups benefit EXCEPT
A) domestic producers in the affected industry. B) domestic consumers in the affected industry. C) employees of domestic producers in the affected industry. D) importers that are able to obtain the rights to sell imported items in the affected industry.
Perfect competition is an ideal market structure.
Answer the following statement true (T) or false (F)
Would a tax on prescriptions drugs be more likely to be progressive or regressive? Why?