Some economists see monopolies as inevitable, but not necessarily bad. They recommend a policy of
a. regulating prices
b. nationalization
c. laissez-faire
d. encouraging concentration
e. splitting up the monopoly
C
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If a firm decreases output when MR < MC, then:
a. profit will equal zero. b. profit will increase. c. profit will decrease. d. profit will remain the same. e. the firm is minimizing losses.
Since the 1970s, the percentage of women preparing for careers in professions has been ____, while the female/male earnings ratio has been ____ during this same period
a. rising; declining b. rising; increasing c. falling; increasing d. falling; declining
A start-up company sets goals and standards for themselves based on the performance of their competitors. This is an example of
a. groupthink b. mbwa c. swot d. benchmarking
When considering the change to the money demand curve, if the interest rate rises, the quantity demanded is:
A. lower, moving rightward along the money demand curve. B. lower, moving leftward along the money demand curve. C. higher, moving leftward along the money demand curve. D. higher, moving rightward along the money demand curve.