The AVC curve is curve
A. W.
B. X.
C. Y.
D. Z.
C. Y.
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Which of the following is inconsistent with a monopoly?
a. a single seller b. a downward-sloping demand curve c. marginal revenue exceeds price d. a U-shaped average total cost curve
Carl and Carly are American residents. Carl buys stock of a corporation in Austria. Carly opens a coffee shop in Austria. Whose purchase, by itself, decreases Austria's net capital outflow?
a. Carl's b. Carly's c. both Carl's and Carly's d. neither Carl's nor Carly's
In monopolistic competition there? is/are
A) only one seller who faces a downward-sloping demand curve.
B) many sellers who each face a perfectly elastic demand curve.
C) a few sellers who each face a downward-sloping demand curve.
D) many sellers who each face a downward-sloping demand curve.
Antitrust activities can cause inefficiencies by:
A. breaking up a natural monopoly. B. creating many small firms that cannot capture available economies of scale. C. Both of these statements are true. D. Neither of these statements is true.