A monopoly that sells every unit of its output at the same price is a ________
A) unit-price monopoly
B) legal monopoly
C) natural monopoly
D) single-price monopoly
D
You might also like to view...
Recall the Application. According to the authors, what explained virtually all of the employment gains that occurred nationally?
A) a strong economy B) a weak economy C) increases in unemployment benefits D) decreases in unemployment benefits
Space on a popular, public beach is ________ in consumption
A) non-excludable and non-rival B) excludable but non-rival C) excludable and rival D) non-excludable but rival
If a good that generates negative externalities were priced to account for spillover costs, then its:
A. price would increase and its output would decrease. B. price would increase, but its output would remain constant. C. output would increase, but its price would remain constant. D. price would decrease and its output would increase.
Under which of the following policies does the government enter the foreign exchange market and buy or sell foreign currency to influence the exchange rate of the domestic currency?
A. Devaluation or revaluation B. Capital controls C. Official intervention D. Exchange controls