Barbie is deciding whether to play soccer or go swimming over the next hour. She decides to swim. Economists would conclude that Barbie:

A. is revealing a preference for swimming over soccer.
B. will get less utility from swimming during the next hour than playing soccer.
C. was unable to play soccer at that time.
D. is more skilled at swimming than playing soccer.


A. is revealing a preference for swimming over soccer.

Economics

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A natural monopoly has

A. many producers of the same product. B. easy access to the market. C. a single firm providing the industry's output. D. one buyer of output.

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Indicate whether the statement is true or false

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Which of the following is an accurate description of long-run equilibrium for a perfectly competitive firm?

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Economics