Governments at the local, state, or federal level create monopolies by awarding a single firm the exclusive right to supply a good or service. Examples include food concessions at airports and sports events, cable-access television, and garbage collection
Indicate whether the statement is true or false
true
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Which of the following is not a determinant of Investment spending?
A. Real income B. Interest rates C. Taxes D. Expected profitability
An increase in quantity demanded a. illustrated by a movement downward and to the right along a demand curve. b. illustrated by a movement upward and to the left along a demand curve. c. shifts the demand curve to the left
d. shifts the demand curve to the right.
For a ____, if incomes rise and prices do not change, quantity demanded will increase
a. normal good b. inferior good c. Giffen good d. substitute good
Which of the following types of unemployment is likely to exist in an economy that is at its potential output level?
What will be an ideal response?