Which of the following is not a way in which monopolies fight real-world competition?
A. Advertising
B. Charging a very high price for their products
C. Lobbying
D. Producing products that are difficult to copy
Answer: B
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In December 2014, the average price of gasoline in the United States was $2.50 per gallon and consumers bought 7 percent more gasoline than they had during April 2014, when the average price was $3.60 per gallon
Based on these numbers, what was the price elasticity of demand for gasoline from April 2014 to December 2014? A) -0.02 B) -0.19 C) -1.01 D) -2.26
Most U.S. financial crises have started during periods of ________ either after the start of a recession, a stock market crash, or the failure of a major financial institution
A) high uncertainty B) low interest rates C) low asset prices D) high financial regulation
Shirking is most likely to occur when
A) the principal monitors the agents extensively. B) employees are paid an hourly wage. C) a piece rate contract is used. D) an assembly line is used for production.
A current account deficit is matched by a financial account surplus
a. True b. False Indicate whether the statement is true or false