The local department store might have been considered ________ before technological change.

A. a perfect competitor
B. a natural monopoly
C. an oligopoly
D. a monopoly


Answer: D

Economics

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Explain how the current U.S. tax system levies taxes on capital gains and earned interest. What does this mean for the costs of inflation?

What will be an ideal response?

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Angelo's Pizza is famous for its secret tomato sauce. The managers of Angelo's Pizza are more likely to produce all of their inputs rather than buy them due to ________.

A) communication costs B) transportation costs C) economies of scale D) trade secrets

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Which of the following would lead to a depreciating dollar?

a. a higher federal deficit b. lower interest rates c. higher interest rates d. contractionary monetary policy

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The shape of the total-cost curve is unrelated to the shape of the production function

a. True b. False Indicate whether the statement is true or false

Economics