Author Question: Monopolies may earn economic losses in the long run. a. True b. False Indicate whether the ... (Read 56 times)

haleyc112 · **on:** Jun 30, 2018

Monopolies may earn economic losses in the long run.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Assume an indifference curve yields a consumer 1,000 utils of total utility. If the consumer's budget increases by 50 percent, then the indifference curve:
a. shifts rightward.
b. shifts leftward.
c. becomes more linear.
d. is unchanged.