Monopolies exist due to
A) patents.
B) government franchises.
C) cost factors.
D) all of these choices contribute to the power of a monopoly.
D
You might also like to view...
For which of the following projects would it likely be most difficult to acquire 1,000 acres of land?
A) growing wheat B) building an amusement park C) building storage sheds D) digging wells
When sportspeople record the speed of a pitch in baseball, they refers to its velocity. It is measured in miles per hour. When economists record the speed of a dollar, they refer to the velocity of money. It measures the
a. number of times per year each dollar is used to transact an exchange b. rapidity of the dollar price of a good or the rate of inflation c. number of times the price level increases during a year d. time it takes a bank to convert a check into dollars e. number of times per year each good, valued in terms of dollars, is purchased during the year
A corporation uses __________ as its Federal Tax ID number.
a. the owner's social security number b. an EIN number c. business operating license number d. none of these
Exhibit 5-6 Demand curve for concert tickets
?
In Exhibit 5-6, the demand curve for concert tickets shown above between the prices of $20 and $30 is
A. inelastic. B. elastic. C. unitary elastic. D. cross elastic.