If a monopoly wants to sell a larger quantity, it must
A) set a higher price.
B) maintain the current price.
C) set a lower price.
D) implement new technology.
E) increase the barrier to entry that protects it.
C
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What is a "structural" relationship?
A) a relationship that depends on the basic behavior of consumers and firms and remains unchanged over long periods B) any relationship that cannot be anticipated C) a relationship that depends on the size of firm investments in capital such as buildings and other structures D) a relationship between any two variables that is temporary
Court rulings in the 19th century
(a) tended to favor business and profit-making activities. (b) tended to protect traditional amenity rights of property, such as the right to clean air, clean water, scenery and quiet enjoyment of property. (c) tended to favor small business activities over big business corporate activities. (d) tended to promote worker safety and ensure that employers were fully liable for worker injuries, should they occur.
If the tea harvest is bad in a particular year, what will happen in the market for coffee?
a. increased price and decreased quantity b. increased price and increased quantity c. decreased price and increased quantity d. decreased price and decreased quantity e. no change in equilibrium price and quantity
In surveys of professional economists, fourteen propositions were endorsed by an overwhelming majority of respondents
a. True b. False Indicate whether the statement is true or false