In a monopoly, which of the following is not true?
a) Products are differentiated.
b) There is freedom of entry and exit into the industry in the long run.
c) The firm is a price maker.
d) There is one main seller.
Answer: b) There is freedom of entry and exit into the industry in the long run.
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Refer to Table 14-8. If the firms cooperate, what prices will they select?
A) Brawny Juice will select a low price; Power Fuel a high price. B) Both firms will select a high price. C) Brawny Juice will select a high price; Power Fuel a low price. D) Both firms will select a low price.
How do defined-contribution plans differ from defined-benefit plans?
What will be an ideal response?
People from which nation were most likely to come to colonial North America as indentured servants?
a. England. b. Liberia. c. Germany. d. France.
When banks hold excess reserves because they don't see good lending opportunities, _____
a. contractionary monetary policy is negatively affected b. expansionary monetary policy is negatively affected c. expansionary monetary policy is unaffected d. contractionary monetary policy is unaffected