A pure monopoly is defined as having only one seller
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to the above graphs. Which pairs of budget constraints represent only a decrease in the price of good A, but no change in income or change in the price of good B?
A. Graph A B. Graph B C. Graph C D. Graph D
The difference between the spot contract and a forward contract is that:
a. the former is a flexible price on the currency, and the latter is a fixed price. b. the former is a contract to be settled immediately, and the latter is a contract to be settled at a future agreed-upon date. c. the former is a derivative, and the latter is not a derivative. d. the former has a fixed price but the contract can be settled at a later date, and the latter is a contract to be settled immediately.
Which of the following is the best definition of money?
A. capital B. is something with value C. is printed on paper D. is used for purchases
Use the following graphs to answer the next question.
A short-run equilibrium that would produce losses for a monopolistically competitive firm would be represented by graph
A. A. B. B. C. C. D. D.