Unlike a competitive buyer,
A) a monopsonist faces an upward-sloping industry supply curve.
B) a monopsonist pays a different price for each unit purchased.
C) a monopsonist sets marginal value equal to marginal expenditure.
D) a monopsonist pays a price that depends on the number of units purchased.
D
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Burning coal to generate electricity can create pollution. If the market for generating electricity is competitive and is allowed to operate without any government intervention, is the equilibrium quantity of coal burned equal to, more than, or less
than the efficient quantity?
Over the range of most of a firm’s output, average revenue is greater than price.
Answer the following statement true (T) or false (F)
Conglomerate mergers involve more than two firms
a. True b. False
If Europe and Japan experience rapid growth in their incomes, other things constant, this will cause
a. a decrease in the exports of the United States. b. an increase in the exports of the United States. c. a decrease in the national income of the United States. d. a decrease in aggregate demand in the United States.