The fact that a monopoly has to take the shapes of marginal cost AND marginal revenue into account when making decisions is reflected in the fact that
A) monopolies don't have a supply curve.
B) monopolies don't have a demand curve.
C) monopolies have the same supply curve as perfectly competitive firms.
D) monopolies maximize profit.
A
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The big current-account deficits in the late 1880s and early 1890s were financed primarily by
(a) Borrowing from other nations, especially England (b) Interests earned on bonds and dividends paid on other investments (c) Taxes (d) Sale of public land
Real income and money income are the same concept
Indicate whether the statement is true or false
?Suppose a perfectly competitive firm and industry is in long-run equilibrium and the firm earns an economic profit in the short run. Which of the following is likely to occur in the long run?
a. ?The market supply curve will shift to the right, and the market price will decrease. b. ?The market supply curve will shift to the left, and the market price will increase. c. ?The firm will continue to earn economic profit. d. ?There will be an increase in the amount of economic profit earned by the firm. e. ?Industry output will decrease.
Refer to the data provided in Table 10.3 below to answer the following question(s).
Table 10.3 
Refer to Table 10.3. Marginal revenue product of the ________ worker is $1,000.
A. second B. third C. fourth D. fifth