What is a pure monopoly?
What will be an ideal response?
A pure monopoly is an industry with a single firm that produces a product for which there are no close substitutes and in which significant barriers to entry prevent other firms from entering the industry to compete for profits.
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The best case for intermediate targeting on monetary aggregates is where the
a. LM schedule is flat and the money demand function is stable. b. IS schedule is flat and the level of investment is stable. c. LM schedule is steep and the money demand function is stable. d. IS schedule is steep and the money demand function is stable.
Voluntary recycling is available in many parts of the country. If citizens of these areas have collected recyclable material at home, they can bring it to a recycling center. These materials reduce landfill space, reduce the need for virgin material extraction, and provide an inexpensive input in many production processes. The information in this question suggests what about areas without
voluntary recycling? a. Externalities exist. b. There is mandatory recycling. c. Raw materials are less expensive. d. The cost of production is higher. e. Nothing.
Refer to Scenario 3.1 below to answer the question(s) that follow.SCENARIO 3.1-Streaming movies and movies shown in theaters are substitutes. -Streaming movies and OLED TVs are complements. -OLED TVs and movies shown in theaters are normal goods. -People watch streaming movies more often in the winter than in the summer.Refer to Scenario 3.1. You observe that the price of streaming movies is higher in the winter than in the summer. This would be explained by the fact that
A. demand for streaming movies is higher in the winter than in the summer. B. the quantity demanded of streaming movies is higher in the winter than in the summer. C. consumer income tends to fall in the winter and increase in the summer. D. there are more streaming movies released in the winter than in the summer.
An emission charge decreases private marginal cost and encourages greater output.
Answer the following statement true (T) or false (F)