The monopolist faces:
a. the entire market demand curve.
b. All of the answers are correct.
c. a perfectly elastic demand curve.
d. a perfectly inelastic demand curve.
a
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Potential GDP per labor hour can increase due to
A) increases in labor productivity. B) increases in the quantity of money. C) increases in population. D) decreases in the quantity of capital.
A possible problem of democracy
A) is moral hazard. B) is protected property rights. C) is mob rule. D) none of these choices is a problem.
Which of the following best describes the impact of the Emissions Trading Scheme in the European Union between 2005 and the late 2010s?
A) Overall greenhouse gas emissions increased. B) Overall greenhouse gas emissions decreased. C) Overall greenhouse gas emissions were totally eliminated. D) Overall greenhouse gas emissions were constant.
What is one reason for the high interest rates for home loans offered to those with low credit ratings?
A) Predatory lending practices B) Those with lower credit ratings faced a restricted supply of loans, ceteris paribus. C) Those with lower credit ratings typically demand greater loans, ceteris paribus. D) Government regulation