The easiest way to have a monopoly today is
A. with a strong business plan.
B. to have the government protect you.
C. to be in a socialistic country.
D. to own everything in your market.
Answer: B
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Discrimination based on age, race, gender, or family status very likely increases as a result of rent ceilings
Indicate whether the statement is true or false
The underlying assumption of the Harrod-Domar growth model is that
a. the incremental capital-output ratio is given by k ? Y/K. b. growth is mainly determined by capital accumulation. c. growth can be sustained only if agricultural productivity rises. d. developing countries save too much and invest too little.
To be considered employed, a person must have a full-time job
a. True b. False Indicate whether the statement is true or false
Figure 10.1 depicts a firm's marginal revenue product curve. If the product price decreases, the marginal revenue product curve:
A. shifts downward. B. shifts upward. C. remains the same. D. None of these