The demand curve facing a monopolist will be more elastic
A) the greater is the number of substitute products.
B) as the consumers' need for the good increases.
C) the greater is the amount of fixed costs to cover.
D) as the number of consumers increases.
A
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When the demand for an imperfect competitor's product is greater than it planned, the firm will
A) increase the price of the product until supply equals demand. B) meet the demand at its set price. C) reduce the price until supply equals demand. D) allow a shortage of the product to develop, without changing the product's price.
Commercial paper has a minimum maturity of
A) one day. B) seven days. C) 30 days. D) 270 days.
The United States' official measure of poverty is measured by
A. only cash income. B. cash income and capital gains. C. only in-kind income. D. the imputed value of rent payments.
The concentration ratios for various industries in the United States are comparable to those in other modern industrial economies
Indicate whether the statement is true or false