If a firm is able to influence its price,
A) it is a monopoly.
B) it has constant marginal revenue.
C) it sells its output at a constant price.
D) it faces a downward-sloping demand curve.
D
You might also like to view...
John Maynard Keynes wrote that economies can suffer recession or depression for many years if the government does not intervene.
Answer the following statement true (T) or false (F)
Suppose consumers save 3 percent of their incomes. If the government collects 1 dollar in taxes from each taxpayer, private saving will ________ per taxpayer
A) decrease by 97 cents B) increase by $1 C) increase by 97 cents D) decrease by 3 cents
In 2014, in the United States the sum of the balance of all three of the balance of payments accounts was
A) slightly negative. B) slightly positive. C) greatly positive. D) greatly negative. E) zero.
If information in the market for used motorcycles is symmetric and both buyers and sellers are equally ignorant, then
A) the market is efficient. B) both good and bad motorcycles will sell for the same price. C) if only good motorcycles are sold, the price would be higher. D) All of the above.