The monopolist faces a:
A. perfectly inelastic demand curve.
B. perfectly elastic supply curve.
C. downward sloping demand curve.
D. perfectly elastic demand curve.
Answer: C
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One reason why many low-income countries experience low rates of growth is because of low rates of saving and investment in those countries
Indicate whether the statement is true or false
The unemployment insurance program
a. makes recessions and inflationary episodes more severe b. makes recessions and inflationary episodes less severe c. makes recessions more severe and inflationary episodes less severe d. makes recessions less severe and inflationary episodes more severe e. has no effect on the severity of recessions and inflationary episodes
When there are economies of scope between products, selling off an unprofitable subsidiary could lead to:
A. a major reduction in costs. B. a major reduction in sales. C. only a minor reduction in costs. D. only a minor reduction in sales.
An increase in supply involves
A) A shift in the demand curve to the right. B) A shift in the supply curve to the right. C) Movement along the supply curve. D) None of the above.