A monopoly
a. can increase the price and increase output at the same time
b. can charge any price it wants and still sell all of its output
c. can sell any output it produces provided it accepts the market price
d. must lower the price in order to increase output
e. faces a perfectly elastic demand curve
D
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Immigration tends to lower the income of all factors of production. True or false
Indicate whether the statement is true or false
In regression analysis, the dependent variable
A) is always quantity demanded. B) is the variable whose variation is to be explained. C) is one of the factors that explains what is happening with demand. D) is represented by the inverse demand function.
Nobel-laureate economist Milton Friedman suggested that policymakers strive to ensure that the monetary aggregates:
A. grow at a rate equal to the rate of real growth plus the desired level of inflation. B. remain constant in terms of dollar amounts. C. grow at a rate equal to the rate of real growth less the desired level of inflation. D. grow at a rate equal to the rate of inflation.
Which of the following is least likely to overcome the free-rider problem?
A. offer people a private gift for contributing B. arrange for matching contributions C. appeal to people's sense of civic or moral responsibility D. maintain anonymity of contributions