When comparing perfect competition and monopoly, a major assumption made is that
A) the monopolist faces a downward sloping demand curve.
B) consumers only care about the price of the good and not whether the seller is a monopoly or not.
C) the costs of production are the same under monopoly as under perfect competition.
D) the monopolist can make an above normal rate of return.
C
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Supermarkets will frequently not carry the products of food processors unless the processors pay fees to the supermarkets because
A) supermarkets are cartels. B) supermarkets often dominate the geographic areas in which they sell. C) supermarkets stand between the food processors and the ultimate consumers. D) supermarket shelves are scarce goods. E) supermarkets typically have more bargaining power than food processors.
Many people prefer debit cards to checks because: a. checkbooks are not required and direct payments are made
b. checks are unsafe for use. c. debit cards delay money payments. d. using checks is time consuming. e. debit cards help account holders get a loan from the card issuer.
A minority of American women work outside of the home
a. True b. False Indicate whether the statement is true or false
Activities that are directly included in GDP accounts include:
A. the value of housework done by householders. B. the selling of illegal drugs. C. unreported labor in sweatshops. D. buying a ticket to a Yankees-Red Sox game on your day off.