A benefit of a monopoly is
a. efficient production.
b. decreasing long-run marginal costs.
c. profit that can be invested in research and development.
d. All of the above are correct.
c
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What will be an ideal response?
The coefficient of determination will range between what values?
A) 0 and 1 B) -1 and +1 C) -3 and +3 D) none of the above
A consumer's total transportation cost includes all of the following except which one?
A) the value of the consumer's time deciding which store to travel to B) the wear and tear on the consumer's car C) the cost of gasoline D) the value of the consumer's time getting to and from the store
Which of the following statements is most likely true?
a. In recent decades, the export/GDP ratio has generally fallen, both worldwide and for the U.S. economy. b. In recent decades, the export/GDP ratio has generally risen worldwide, but not for the U.S. economy. c. In recent decades, the export/GDP ratio has generally risen, both worldwide and for the U.S. economy. d. In recent decades, the export/GDP ratio has generally fallen worldwide, but not for the U.S. economy.