Author Question: A monopoly industry: a. has very significant barriers to entry. b. faces a downward sloping demand ... (Read 120 times)

D2AR0N · **on:** Jun 30, 2018

A monopoly industry:
a. has very significant barriers to entry.
b. faces a downward sloping demand curve.
c. may earn economic profits or losses in the short run.
d. has all of the above characteristics.

Question 2

Domestic firms often claim that foreign firms have an unfair advantage because foreign workers are willing to work for very low wages.
a. True
b. False
Indicate whether the statement is true or false