Which of the following is TRUE of a monopoly?
A) It can always increase its revenue by increasing the price to its customers.
B) It will always operate somewhere along the inelastic portion of the demand curve.
C) Its marginal cost curve is always downward sloping.
D) None of the above is correct.
D
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Trade-offs are involved in most policy decisions
a. True b. False Indicate whether the statement is true or false
The more liquid markets are the:
A. less people are willing to save, and the higher the amount of investment occurs. B. more people are willing to save, and the higher the amount of investment occurs. C. less people are willing to save, and the lower the amount of investment occurs. D. more people are willing to save, and the lower the amount of investment occurs.
Which of the following involves payment of part of the face value or principal prior to maturity?
A) fixed-payment loan B) coupon bond C) discount bond D) simple loan
Economists believe that most people act to increase their expected ______.
a. personal satisfaction b. personal income c. power d. control