Unregulated monopolies can often make an economic profit in the long run because
A) they receive government subsidies.
B) they have high costs.
C) barriers to entry prevent competing firms from entering the market.
D) the risks of running a monopoly are high.
C
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Historians typically disagree with which of the following contentions from Time on the Cross?
(a) Slavery was profitable for Southerners and consequently resulted in wealth accumulation. (b) Slavery was on the verge of extinction on the eve of the Civil War. (c) Slave owners were moral and treated slaves with kindness and high standards. (d) Slave breeding and sexual exploitation were myths and slave sales rarely broke up slave families.
Which factor would cause a movement along the demand curve for pizza?
A) an increase in the number of students in town B) a renewed preference for Italian food C) a drop in the price of pizza D) an increase in average income
"Trust busting," including the prosecution of the American Tobacco Company and Standard Oil, was a high priority of _________'s administration
a. Franklin Roosevelt b. Ulysses S. Grant c. James Garfield d. Theodore Roosevelt
Which of the following is an argument against a balanced government budget?
a. A government may decide that by accumulating large budget surpluses, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. b. A government may decide that by running large budget deficits, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. c. A government may decide that by running small budget deficits, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country. d. A government may decide that by accumulating small budget surpluses, it can make crucial long-term investments in human capital and physical infrastructure that will build the long-term productivity of a country.