Platform monopolies are most likely:
A. perfect competitors.
B. natural monopolies.
C. contestable monopolies.
D. cartels.
Answer: B
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The equation of exchange specifies that
A) MsV = PY. B) velocity and money supply are directly related. C) MsP = VY. D) Ms = PVY.
Since rent controls have been in effect in New York City, apartments have been more plentiful
a. True b. False Indicate whether the statement is true or false
Which of the following statements concerning pollution is correct?
A. Economic efficiency requires that pollution be completely eliminated. B. Pollution should be reduced to the extent necessary to return production to the production possibilities frontier. C. Economic efficiency dictates that the optimal amount of pollution arises at the point at which price equals private marginal cost. D. Pollution should be reduced to the point at which the marginal benefit from further reduction equals the marginal cost of further reduction.
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. Suppose it takes policy makers from time t2 to time t4 to take an action to stimulate the economy. This is an example of
A. implementation lag. B. cyclical lag. C. response lag. D. recognition lag.