The demand curve facing a monopolist will be more elastic
A. as the number of consumers increases.
B. the greater is the amount of fixed costs to cover.
C. the greater is the number of substitute products.
D. as the consumers' need for the good increases.
Answer: C
You might also like to view...
If a person does not pay all costs associated with a particular resource-using activity, then
A) the external costs of the activity are greater than the private costs of the activity. B) the social costs of the activity are greater than the private costs of the activity. C) the external costs of the activity are greater than the internal costs of the activity. D) the full costs of the activity are the sum of private costs plus internal costs.
If Europe and Japan experience rapid growth in their incomes, other things constant, this will cause
a. a decrease in the exports of the United States. b. an increase in the exports of the United States. c. a decrease in the national income of the United States. d. a decrease in aggregate demand in the United States.
The right to buy a certain number of shares of a company's stock at a particular price is(are) called:
A) Perquisites B) Cash compensation C) Stock-based D) Stock options
The fact that every dollar that the government spends or transfers must ultimately be provided by the taxes and user charges it collects plus government borrowing is known as the
A. government budget constraint. B. tax collection constraint C. government balance sheet constraint. D. user charge constraint.