Because a? monopoly's demand curve is the same as the market demand curve for its? product
A) the monopoly is a price taker.
B) the monopoly's average total cost always falls as it increases its output.
C) the monopoly's marginal revenue equals its price.
D) the monopoly must lower its price to sell more of its product.
Answer: D) the monopoly must lower its price to sell more of its product.
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"Granger laws" were early efforts by states to regulate the railroads and were
a. were severely limited in scope through litigation, b. generally outlawed both place and person discrimination, c. established commissions with the power to investigate complaints d. All of the above
Government austerity measures are more likely to resolve a sovereign debt crisis if ________
A) the real interest rate falls along with inflation B) the fiscal multipliers are especially large C) no aid is available from other countries, so the government is not tempted to abandon the austerity plan D) citizens, also, adopt austerity
Which of the following represents a capital budgeting problem for multinational corporations but not for domestic corporations?
A) determining the cost of capital B) calculating after-tax cash flows C) selecting the appropriate risk-adjusted rates of return D) None of the above
A firm, such as a public utility, which is the sole producer in a market in which the government determines prices and standards of service, is known as a(n):
a. local monopoly. b. natural monopoly. c. regulated monopoly. d. oligopoly. e. monopolistically competitive firm.