This type of firm would likely operate as a monopoly
A) one of many U.S. wheat farmers.
B) one of the few U.S. auto makers.
C) AT&T long distance phone service.
D) the local water company.
D
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How can a buyer of car insurance help in reducing the effects of adverse selection?
What will be an ideal response?
Which of the following statements is true?
A) Positive economics describes what people ought to do. B) Normative economics describes what people actually do. C) Positive economics generates objective descriptions that can be verified with data. D) Normative economics is free from value judgments, tastes, and preferences of economic agents.
Which of the following is likely to occur as the result of the law of diminishing marginal utility?
A) Petra's utility from her second apple was less than her satisfaction from her first orange. B) Sabine's utility from her first granola bar is greater than Rachel's utility from her second granola bar. C) Wesley enjoyed his second bottle of iced tea less than his first bottle, other things constant. D) Hudson enjoyed his second slice of pizza more than his first.
The NASDAQ is the only stock exchange where corporations are able to sell stocks and raise money since other exchanges failed in the 2008–2009 Great Recession.
Answer the following statement true (T) or false (F)