If an industry is monopolized by one firm, the four-firm concentration ratio equals
A) 1 percent.
B) 25 percent.
C) 40 percent.
D) 100 percent.
D
Economics
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A profit-maximizing firm always
A. sells its output at P = MR. B. produces at the output at which MR = 0. C. hires labor until the MRP of labor = 0. D. produces every unit of output for which MR > MC.
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What is depreciation?
What will be an ideal response?
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Which of the following is a characteristic of a monopoly market?
A) many firms B) one firm C) easy entry D) Firm is a price taker.
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FICA taxes and corporate retained earnings are subtracted from national income when personal income is computed
a. True b. False Indicate whether the statement is true or false
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