The monopolist's demand curve is ______ that of the perfect competitor; the monopolist's marginal revenue curve is ______ that of the perfect competitor.
A. identical to; identical to
B. different from; different from
C. identical to; different from
D. different from; identical to
B. different from; different from
You might also like to view...
From the late 1980s to 2000, the natural rate of unemployment
A) fluctuated up and down, following the path of the actual rate of unemployment. B) gradually declined. C) climbed sharply. D) held constant.
Suppose we observe that both the equilibrium price of digital cameras and the equilibrium quantity of digital cameras have increased. Which of the following events could be responsible for this?
A) technological advances in digital camera production B) consumers' preferences changed in favor of digital cameras C) the price of film cameras fell D) workers who make digital cameras received a pay raise
A decrease in the supply curve of nurses could be accounted for by all of the following except a(n):
A. Increase in the rewards available in other comparable occupations B. Increase in the training requirements for nurses C. Reduction in the number of nursing schools D. Cut in the wages of nurses
The principle of comparative advantage indicates that mutually beneficial international trade can take place only when:
A. Tariffs are eliminated B. Transportation costs are almost zero C. Relative costs of production differ between nations D. A country can produce more of some product than other nations can