Which of the following is not considered to be a source of market power for a firm?
A.) Externalities.
B.) Patents.
C.) Restrictive production agreements.
D.) Economies of scale.
A.) Externalities.
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An increase in aggregate demand is shown by
A) a movement up along the aggregate demand curve. B) a leftward shift in the aggregate demand curve. C) the movement down along the aggregate demand curve. D) a rightward shift in the aggregate demand curve.
According to the IS curve, the tax multiplier is always ________
A) larger in absolute value than the expenditure multiplier B) equal to the expenditure multiplier C) smaller in absolute value than the expenditure multiplier D) equal to one
The point at which the burden of a tax ultimately rests is known as the
a. effect of the tax. b. impact of the tax. c. incidence of the tax. d. direction of the tax.
If the firm were to produce 154.92 units of output,
a. efficient scale would be realized. b. ATC would be at its minimum value c. the firm would sustain a loss of more than $2.000 d. All of the above