The present value of a sum of money to be received in future is high if ________.
A) the money is invested for a long period of time
B) the market rate of interest is low
C) the rate of inflation is high
D) the future payment is low
Question 2
Which of the following is a difference between a perfectly competitive market and a monopoly?
A) There are huge barriers to entry in a perfectly competitive market, while there are no barriers to entry in a monopoly.
B) The sellers in a perfectly competitive market are price makers, while a seller in a monopoly market is a price taker.
C) The equilibrium price in a perfectly competitive market exceeds marginal revenue, while the equilibrium price in a monopoly equals marginal revenue.
D) The market demand curve faced by a perfectly competitive firm is horizontal, while the market demand curve in a monopoly is downward-sloping.
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