Firms face downward sloping demand curves in
A) monopolies only.
B) monopolies and oligopolies only.
C) monopolies and oligopolies that collude only.
D) all market structures except perfect competition.
D
You might also like to view...
In order for a policy option to achieve allocative efficiency,
a. PVNB must be maximized c. PVC must be minimized b. PVB must be minimized d. (PVB – PVC) must be minimized
Giving the store clerk a $20 bill for a sweater priced at $20 is an example of money serving as a
A) medium of exchange. B) unit of accounting. C) store of value. D) standard of deferred value.
Inmates at the federal penitentiary at Lompoc, California, accepted packages of mackerel in exchange for goods and services. Why were they willing to accept mackerel in exchange for goods and services?
A) because mackerel is a good source of protein B) because prison authorities deemed mackerel legal tender C) because the inmates know that they could use the packages of mackerel to buy other goods and services D) because the inmates do not wish to consume mackerel
When there is a stock market boom
A. wealth falls and investment rises. B. wealth and investment rise. C. wealth rises and investment falls. D. wealth and investment fall.