Author Question: Measures which aim at eliminating the income disparity between the rich and the poor affect ... (Read 123 times)

fagboi · **on:** Jun 30, 2018

Measures which aim at eliminating the income disparity between the rich and the poor affect incentives to work, innovate, take risks, acquire education, and so on.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Why does a monopolist face the market demand curve?
a. Presence of a large number of substitutes
b. Presence of a large number of buyers in the market
c. Barred entry of any new firm in the market
d. Produces a homogeneous product
e. Consumers have perfect knowledge of the market