The monopolist is always constrained by:
A. government regulation.
B. his production capacity.
C. the barriers to entry.
D. the amount demanders are willing to buy at any given price.
Answer: D
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In the long-run equilibrium in a perfectly competitive market, the economic profit of the firms is
A) positive. B) negative. C) zero. D) increasing.
Explicit provisions in a loan agreement that prohibit the borrower from engaging in certain activities is called:
A) credit rationing B) restrictive covenants C) credit-risk analysis D) adverse selection
Which of the following are ways to sell a customer additional units without dropping the price on previous purchases
a. Offer quantity discounts b. Offer two-part pricing ex: membership fees c. Bundle the goods together d. All of the above
Which organization officially tracks all business cycles in the U.S. economy?
a. Department of Commerce b. National Bureau of Economic Research c. Bureau of Economic Analysis d. Census Bureau