Considering the spectrum of market structures and moving from pure competition to pure monopoly we can say that
A. entry barriers get lower but exit gets more difficult.
B. entry gets harder and the number of firms dwindles.
C. entry becomes harder but exit becomes easier.
D. none of these.
Answer: B
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If the real interest rate is above the equilibrium real interest rate
A) lenders will be unable to find borrowers willing to borrow all of the available funds and the real interest rate will fall. B) borrowers will be unable to borrow all of the funds they want to borrow and the real interest rate will rise. C) lenders will be unable to find borrowers willing to borrow all of the available funds and the real interest rate will rise. D) borrowers will be unable to borrow all of the funds they want to borrow and the real interest rate will fall.
The demand curve for the output of an individual firm in monopolistic competition is
a. more elastic than the market demand curve. b. less elastic than the market demand curve. c. equivalent to the market demand curve. d. perfectly elastic.
When Sam in San Francisco buys stock in Fuji Film, he is contributing to:
A. capital outflow from Japan. B. capital inflow to the U.S. C. domestic investment in the U.S. D. capital outflow from the U.S.
The economy's inflation rate is the
a. price level in the current period. b. change in the price level from the previous period. c. change in the gross domestic product from the previous period. d. percentage change in the price level from the previous period.