Covered-Up Tent Company sells tents and awnings to home owners in a ______ market.
a. command
b. factor
c. labor
d. product
d. product
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The deadweight loss caused by the monopoly market structure is equal to the loss of total surplus resulting from the good being sold by a monopolist rather than in a competitive market
a. True b. False Indicate whether the statement is true or false
Explain the changes that would cause the dynamic aggregate demand curve to shift.
What will be an ideal response?
Which of the following is not correct?
a. Earnings from capital may be paid to households in the form of dividends. b. Earnings from capital may be retained by firms to purchase additional capital. c. Firms may not pay out all of their earnings to households. d. Firms earn the highest profits when the owners of capital receive a value above the marginal product.
Economic models like the _____________________ are not physical models, but instead are diagrams or graphs or even mathematical equations that represent economic patterns or theories.
A. financial capital market B. circular flow diagram C. financial investment market D. Specialization Model