Which of the following is an example of a local monopoly as compared to a national or international monopoly?
a. a restaurant at a rural crossroads
b. Alcoa during the 19th century
c. De Beers Consolidated Mines
d. AT&T
e. U.S. Postal Service
A
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Use the following figure to answer the question below.
The combination of sixty-five pounds of corn and sixty-five pounds of green beans is
A. attainable. B. not attainable. C. efficient. D. not efficient.
Which formula is correct?
A) S = Yd - C B) Yd + S = C C) Yd + C = S D) Yd × S = C
The liquidity-money (LM) curve shows the alternative combinations of interest rates and real income that clears the money market
Indicate whether the statement is true or false
Teesha is a producer of leather belts and bags. She has just learned that a new tax is going to be assessed on leather goods. If Teesha understands how taxes influence pricing, what is her most likely reaction?
a. She is upset because she knows she will receive less for her products. b. She is happy because she knows she will receive more for her products. c. She does not care because she knows this will not affect her products. d. She is happy because she will have more producer surplus on her products.