The deadweight loss created by monopolies in the United States ______.
a. is small because of the small number of monopolies
b. is large because of the large number of monopolies
c. amounts to roughly 25% of the country’s total production
d. would increase substantially under perfect competition
a. is small because of the small number of monopolies
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Other things being equal, a technological change that raises the value of marginal product of capital raises the rental rate of capital because the
A) supply curve of capital shifts leftward. B) supply curve of capital shifts rightward. C) demand curve for capital shifts rightward. D) demand curve for capital shifts leftward.
Smoothing techniques are a form of ____ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast
a. opinion polling b. barometric forecasting c. econometric forecasting d. time-series forecasting e. none of the above
___________ is a winning strategy in a game of bargaining.
A. First-mover advantage B. Patience C. Cooperation D. Self-interested behavior
The "crowding out" effect states that government spending pushes up interest rates and reduces private investment spending
a. True b. False Indicate whether the statement is true or false