Author Question: A monopolistic firm A) will never sell a product whose demand is inelastic at the quantity sold. ... (Read 67 times)

luvbio · **on:** Jun 30, 2018

A monopolistic firm

A) will never sell a product whose demand is inelastic at the quantity sold.
B) can sell as much as it wants for any price it determines in the market.
C) cannot determine the price, which is determined by consumer demand.
D) cannot sell additional quantity unless it raises the price on each unit.
E) will always earn a profit in the long run.

Question 2

If all government budgets are balanced, and S is greater than I, then

A) the net international investment position must be positive.
B) the financial account must be positive.
C) the financial account must be negative.
D) the net international investment position must be negative.
E) Both A and B.