Since a monopolist firm will lose some customers when the price is increased, it will make every effort to keep the price as low as possible
a. True
b. False
Indicate whether the statement is true or false
False
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________ have a horizontal and a vertical axis and are used in economics to illustrate relationships between two economic variables
A) One-dimensional graphs B) Two-dimensional graphs C) Bar graphs D) Pie Charts
For which of the following products would price discrimination be most difficult?
a. photograph developing b. tooth extractions c. airline tickets d. beer e. college education
The amount of U.S. exports purchased by the rest of the world is primarily determined by
a. real disposable income in the United States b. real disposable income in other nations c. the real interest rate in other nations d. the real interest rate in the United States e. the government budget deficits in other nations
Deposit insurance is a system in which the government guarantees that:
A. commercial banks will not go bankrupt. B. people can have deposits at commercial banks. C. commercial banks will not lose any deposits. D. depositors will not lose any money even if their bank goes bankrupt.