Which of the following transactions represents the purchase of a final good?
A) Apple computer buys computer processors from Intel.
B) Your father buys a new John Deere riding lawn mower.
C) Starbucks purchases coffee beans.
D) Delta buys a new European-made jetliner.
Question 2
Which of the following statements is true?
A) Monopolists are price makers. All other firms are price takers.
B) Unlike other firms, a monopolist's demand curve is the same as the market demand curve.
C) Only monopoly firms are granted patents and copyrights.
D) Unlike other industries, monopoly industries have high barriers to entry.
Apple of two different colors
Jeremy Deller, A Good Day for Cyclists (painted by Sarah Tynan).
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Prevalence of good health in Canadians aged 65 years and older
(a) A metaphase array of chromosomes as viewed in the microscope. (b) The computer-derived karyotype