A monopolist that is earning economic losses will, in the long run,
a. exit the industry.
b. shift it's demand curve rightward.
c. stay in the industry, since eventually the price will have to rise.
d. encourage competitors to enter the industry in order to enliven it.
A
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By 2015, how many European countries were members of the European Union?
A) 12 B) 17 C) 28 D) 57
When saving is negative, the value of the marginal propensity to save is negative
Indicate whether the statement is true or false
If a firm in a competitive labor market offers less than the market wage rate, it will
A. find that it has broken a federal wage law. B. find that the supply is greater than the demand. C. attract too few employees. D. be able to attract a large number of employees because the marginal revenue product is low.
Explain the linkages in the causal chain when the Fed conducts a contractionary monetary policy. What will be the ultimate effect on GDP?
What will be an ideal response?