A monopolist’s demand curve is which of the following?
a. Perfectly horizontal at the market price
b. Smaller than the market demand curve
c. The same as the market demand curve
d. Larger than the market demand curve
c. The same as the market demand curve
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Which of the following is an example of external economies?
(a) The cost of per unit produced in manufacturing goods falls as the industry size grows. (b) The cost of per unit produced falls as the firm size, not the industry size, grows. (c) The cost of per unit produced in manufacturing goods increases as the industry grows. (d) The cost of per unit produced falls as the size of the firm grows.
Refer to the above figure. Which panels could represent the situation if the Fed had engaged in open market operations?
A) Panels A and B B) Panels A and C C) Panels B and C D) Panels C and D
On balance, markets do some things very well, and some things poorly.
Answer the following statement true (T) or false (F)
A management professor discovers a way for corporate management to operate more efficiently. He publishes his findings in a journal. His findings are
a. proprietary and common knowledge. b. common, but not proprietary, knowledge. c. proprietary, but not common, knowledge. d. neither proprietary nor common knowledge.