A monopolist's marginal cost is less than the price it charges.
Answer the following statement true (T) or false (F)
True
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Answer the following statement(s) true (T) or false (F)
1. If the price of a good changes, the demand for the good changes. 2. When the quantity demanded by consumers goes up, we can be sure that there has been a rise in demand 3. A demand curve is drawn downward sloping to show that price and quantity demanded will move in opposite directions as long as other relevant factors remain unchanged. 4. An increase in the price of compact discs would shift the demand curve for DVD players to the left. 5. An increase in the price of gasoline would shift the demand curve for gasoline to the left.
When the Fed sells government securities to banks, the sale
A) decreases banks' reserves. B) increases the quantity of money. C) creates more excess reserves. D) increases banks' reserves. E) increases the monetary base.
Gross national product in terms of the income method is equal to national income plus indirect business taxes minus the capital consumption allowance
a. True b. False Indicate whether the statement is true or false
More than one in four African-Americans lives in poverty.
Answer the following statement true (T) or false (F)