Firms with monopoly power tend to be more efficient than competitive firms
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
A stock market crash which causes stock prices to fall should cause
A) an increase in wealth. B) an increase in consumption spending. C) no change in consumption spending. D) a decrease in consumption spending.
Assume that the central bank purchases government securities in the open market. If the nation has low mobility international capital markets and a flexible exchange rate system, what happens to the GDP Price Index and current international transactions in the context of the Three-Sector-Model?
a. The GDP Price Index rises, and current international transactions becomes more positive (or less negative). b. The GDP Price Index rises, and current international transactions becomes more negative (or less positive). c. The GDP Price Index and current international transactions remain the same. d. The GDP Price Index rises, and current international transactions remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
Use the following graph to answer the next question.
How much profit will this firm make?
A. $200 B. $400 C. $900 D. $500
Taxes on capital gains and interest decline as inflation rates increase.
Answer the following statement true (T) or false (F)