A monopoly is a market with
A) many suppliers each producing an identical product.
B) no barriers to entry.
C) many substitutes.
D) one supplier.
E) many suppliers each producing a slightly different product.
D
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If a household's money income changes and prices do not change, what happens to the household's real income and budget line?
What will be an ideal response?
Refer to Table 4-8. Suppose that the quantity of labor supplied increases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $9.00; Q = 410,000 B) W = $9.50; Q = 420,000 C) W = $8.00; Q = 390,000 D) W = $8.50; Q = 400,000
Which of the following is a positive economic statement?
A) We should raise the minimum wage in order to provide a decent wage for more people. B) Consumers bought fewer cars when the relative price of cars increased. C) The budget deficit has been rising in recent years. D) Federal government spending ought to be curtailed. E) b and c
Imagine that ABC and? NBC, two publicly traded? companies, have just decided to merge their operations. When the merger between these firms takes? place, which type of organizational culture clash is LEAST likely to? occur?
A. Corporate values B. Communication practices C. Workplace atmosphere D. Management styles E. Stock valuation