Market power is the ability of a firm to
A. Act as a price taker.
B. Advertise.
C. Increase the number of substitute goods.
D. Control the price and quantity supplied.
Answer: D
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Define the nominal interest rate and the real interest rate. Discuss the relationship between the nominal interest rate and the real interest rate
What will be an ideal response?
The AA schedule shows
A) Interest rate and output pairs at which the foreign exchange market and the domestic money market are in equilibrium. B) Exchange rate and output pairs at which the foreign exchange market and the domestic money market are in equilibrium. C) Interest rate and output pairs at which only the foreign exchange market is in equilibrium. D) Exchange rate and output pairs at which only the foreign exchange market is in equilibrium. E) Exchange rate and output pairs at which only the domestic money market are in equilibrium.
When a monopoly price discriminates, it charges the highest price to the group of buyers with the least elastic demand
a. True b. False Indicate whether the statement is true or false
Which of the following does not contribute to labor productivity growth?
a. A steepening of the per-worker production function b. An increase in the amount of capital per unit of labor c. A growth in the labor force d. An improvement in the quality of capital e. A decrease in the labor–capital ratio