A monopolist faces the following demand curve: P = 12 - .3Q with marginal costs of $3 . What is the monopolistic PRICE?
a. P = $5.50
b. P = $6.50
c. P = $7.50
d. P = $8.50
e. P = $9.50
c
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When an economy experiences long-run economic growth, a larger output can be achieved
a. only if there is a reduction in the natural rate of unemployment. b. only if the economy's actual unemployment is less than the natural rate. c. if prices increase. d. even though unemployment remains at its natural rate.
What is the relationship between financial market development and economic growth?
What will be an ideal response?
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Answer the following statement true (T) or false (F)