Technically speaking, a monopolist's share of industry demand is _________ to make it qualify as a monopoly
a. 100 percent
b. 50 percent or more
c. 25 percent or more
d. 0 percent
e. there is no specific percentage
A
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When policy makers base their actions on a rule there is
A) rationalization policy making. B) passive policy making. C) rational expectations policy making. D) active policy making.
Price floors
A) provide free market incentives for producers. B) create surpluses by setting the price above equilibrium. C) create shortages by setting the price above equilibrium. D) are used by advocates of the free market.
Each Federal Reserve Note bears a seal placed to the left of George Washington on the $1 bill that identifies the
a. discount rate b. legal reserve requirement c. federal funds rate d. value of M1 e. District Bank that issued it
Some fiscal policies are countercyclical
What will be an ideal response?