Which of the following is true under monopoly?
a. Price is equal to marginal revenue.
b. Price is equal to marginal cost.
c. Price is less than marginal revenue.
d. Price is less than marginal cost.
e. Price is greater than marginal revenue.
e
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A main reason for the low unemployment rate from 1995 through most of the 2000s was because of
A) higher oil prices. B) the government's policy of tightening immigration policies. C) the rapid development of the Internet industry and other new technologies. D) government's more liberal social benefit programs. E) increased defense expenditures by the government.
Liquidity preference theory indicates that at lower interest rates
A) investment is greater. B) money demand is greater. C) consumption is greater. D) money supply is greater.
Immigrants were valued as a vital source of labor and, consequently, they were greeted with open arms after the 1830s
Indicate whether the statement is true or false
The equilibrium point is at the intersection of the two curves because ______.
a. market demand equals market supply
b. market demand exceeds market supply
c. market demand is less than market supply
d. market demand is unrelated to market supply