Which statement is false?
A. The monopolist's demand and marginal revenue curves are identical.
B. Your local phone company is a natural monopoly.
C. A monopoly can be a small firm.
D. None of these statements are false.
A. The monopolist's demand and marginal revenue curves are identical.
You might also like to view...
The establishment of well-defined property rights increases:
A. the unemployment rate. B. the amount of pollution. C. average labor productivity. D. the labor force participation rate.
Use the graph below to answer the next question.
Other things equal, an increase the wages of nurses in the United States would:
A. move from b to a on D1. B. move from a to b on D1. C. shift from D2 to D3. D. shift from D3 to D2.
National income is equal to gross domestic product minus:
a. indirect business taxes. b. depreciation. c. personal taxes. d. retained earnings. e. consumption spending.
How does investment in capital goods and infrastructure contribute to economic growth?
What will be an ideal response?