If a firm can double inputs and, thereby, more than double output over the range of output the market demands, it is a
a. natural monopoly
b. local monopoly
c. price discrimination monopoly
d. monopsony
e. candidate for antitrust prosecution
A
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Which of the following is NOT a discount bond?
A) a U.S. savings bond B) a U.S. Treasury bill C) a U.S. Treasury note D) a zero-coupon bond
According to OSHA standards, the air in the building that John works in is unsafe. The type of regulation that OSHA engages in is known as
A) the Federal Register. B) social regulation. C) the market share test. D) economic regulation.
If marginal cost is rising,
a. average variable cost must be falling. b. average fixed cost must be rising. c. marginal product must be falling. d. marginal product must be rising.
Refer to the table above. The MPC and multiplier are, respectively:
A. 0.80 and 5
B. 0.75 and 4
C. 0.75 and 1.33
D. 0.80 and 1.25