Author Question: If a firm has market power it may be able A) to protect market share. B) to continue to earn ... (Read 82 times)

lilldybug07 · **on:** Jun 30, 2018

If a firm has market power it may be able
A) to protect market share.
B) to continue to earn economic profits.
C) minimize marginal costs.
D) to maximize total revenue.

Question 2

Longitudinal data on income inequality in the United States indicates that:
a. children of poor families stay poor, but children of rich families do not always stay rich.
b. children of poor families often escape poverty, but rich families invariably retain their wealth over time.
c. there is substantial movement among income groupings in the United States.
d. the rich are getting richer and the poor are getting poorer.