Property rights are protected by
A. bargaining and negotiation.
B. taxes and subsidies.
C. rivalry and excludability.
D. injunctions and liability rules.
Answer: D
Economics
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If a good or service has only one seller, then the seller is called a monopoly
a. True b. False Indicate whether the statement is true or false
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What will be an ideal response?
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The above figure shows the market for labor. The employer is a monopsony. If a minimum wage is set at $10 per hour, which of the following will occur?
A) The firm will pay $5 per hour. B) The firm will pay $10 per hour. C) The firm will pay $15 per hour. D) The firm will hire less than 400 hours of labor.
Economics
Prior to the Hart-Scott-Rodino Act, antitrust laws did not apply to proprietorships.
Answer the following statement true (T) or false (F)
Economics