Unlike firms in a perfectly competitive industry, monopolists have control over
a. the price they charge for the product
b. the quantity of output they produce
c. the prices they pay for resources
d. the quantities of various resources which are used
e. improvements in technology
A
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Headline inflation:
A. measures the changes in prices for the entire market basket of the average urban consumer. B. is inflation measured using the producer price index. C. measures price changes with food and energy costs taken out of the basket. D. is inflation measured using the retail price index.
In the traditional Keynesian model, a decrease in government spending lowers total planned real expenditures by more than the original decrease in government spending because
A. of the crowding-out effect on consumption spending. B. consumption spending depends positively on real GDP. C. consumption spending depends negatively on real GDP. D. consumption spending is not related to real GDP.
If the present value equation used to calculate the price of a stock you are considering buying is "[$7 / (0.04 - 0.03)]," which of the following is correct, assuming that dividends will grow at a constant rate?
A) The stock price is $7, the dividend growth rate is 3 percent, and the interest rate is 1 percent. B) The stock price is $700, the dividend growth rate is 3 percent, and the interest rate is 4 percent. C) The dividend is $7 per share, the dividend growth rate is 1 percent, and the interest rate is 4 percent. D) The dividend is $7 per share, the dividend growth rate is 4 percent, and the interest rate is 3 percent.
If the saving rate decreases, break-even investment will be ________ than investment, and the capital-labor ratio will ________
A) greater; increases B) greater; decreases C) less; increases D) less; decreases