When a second firm enters a monopolist's market,
A. the monopolist's demand curve decreases.
B. the monopolist's demand curve increases.
C. the monopolist's supply curve decreases.
D. the monopolist's supply curve increases.
Answer: A
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What will be an ideal response?
If lenders think that a particular borrower might default, they will demand a:
A. higher interest rate to make it worth taking that risk. B. lower interest rate to make it worth taking that risk. C. higher interest rate to decrease the amount of risk incurred. D. lower interest rate to decrease the amount of risk incurred.
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A firm reaches the minimum efficient scale in the short run.
Answer the following statement true (T) or false (F)