Which of the following is a characteristic of a monopoly market?
A) many firms
B) one firm
C) easy entry
D) Firm is a price taker.
B
Economics
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Which of the following statements does NOT describe a function of money?
A) a store of value B) a hedge against inflation C) a standard of deferred payment D) a unit of accounting
Economics
As long as price exceeds AVC, the firm is better off
A) continuing production. B) closing. C) raising its price. D) cutting price.
Economics
The Japanese yen will appreciate against the dollar if
A) U.S. residents demand more Japanese goods. B) U.S. residents demand fewer Japanese goods. C) Japanese residents demand more U.S. goods. D) none of the above.
Economics
A Certificate of Deposit would be counted in which measure of money?
A. M1 B. M2 C. Hard money D. It would be counted in both M1 and M2
Economics