When one company is the sole seller of certain products in a market, it is called a:
A. government exclusive.
B. monopoly.
C. manipulation of the market.
D. conglomerate.
Answer: B
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Policies based on positive economic ideas tend to decrease economic efficiency and reduce equity
Indicate whether the statement is true or false
Theater Upgrades BMC is considering upgrading the sound systems in their theaters so that they can patrons can get the full experience from surround sound movies. They discovered that upgrade costs at locations with 12 screens were $170,000 but were $110,000 at locations with six screens. What are the fixed costs of upgrading at a location?
Monopolistically competitive firms have an incentive to:
A. create products that are easily substituted for the competition's products. B. create products that have a unique feature that makes it difficult to substitute. C. create products that are exactly like the competitor's products. D. None of these statements is true.
Which of the following would NOT be part of an expansionary fiscal policy?
A. Increased transfer payments to individuals and businesses B. Decreases in federal taxes on corporations C. Increased government tax revenues to sustain spending levels without borrowing D. An expanding federal deficit