The nondiscriminating monopolist's demand curve:
A. is perfectly elastic.
B. coincides with its marginal revenue curve.
C. is less elastic than a purely competitive firm's demand curve.
D. is perfectly inelastic.
Answer: C
You might also like to view...
In the classical model, the interest rate will adjust to equate
A) consumption spending with real GDP. B) saving with investment. C) export spending with import spending. D) the economic growth rate with the growth rate of import spending.
Most college professors are granted tenure after six years of employment. Tenure implies a lifetime appointment. What problem does this situation create, and how can colleges minimize the problem?
What will be an ideal response?
Britain imports some goods and exports other goods primarily because of:
A) free goods. B) specialization. C) unemployment. D) self-sufficiency.
A. households are on the buying side of both product and resource markets. B. businesses are on the selling side of both product and resource markets. C. households are on the selling side of the resource market and on the buying side of the
product market. D. businesses are on the buying side of the product market and on the selling side of the resource market. A. capital goods and consumer goods. B. free and controlled. C. product and resource. D. household and business.