A regulated monopoly is a monopoly which can charge any arbitrary price for its product
a. True
b. False
Indicate whether the statement is true or false
False
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After running a promotional campaign, the owners of a local shoe store decided to decrease the prices for the shoes sold in their store. One can imply that
a. The promotional expenditures made the demand for their shoes more elastic b. The promotional expenditures made the demand for their shoes more inelastic c. The promotional expenditures has no effect on the shoe demand elasticity d. The owners got it wrong. To cover the promotional expenses, they should have raised the prices.
Which of the following countries concentrate power in a single legislative chamber?
A. unicameral B. bicameral C. unitary D. federal
If the government runs a deficit, then the government debt increases.
Answer the following statement true (T) or false (F)
Calculate MPC.
