Author Question: In the above table, the relationship between x and y is ________ and, with y measured on the ... (Read 70 times)

ishan · **on:** Jun 29, 2018

In the above table, the relationship between x and y is ________ and, with y measured on the vertical axis, the slope between y = 5 and y = 8 is equal to ________.

A) negative; 8
B) negative; 6
C) positive; 5
D) positive; 3

Question 2

Which of the following statements is TRUE?

A) All monopolists are perfect price discriminators.
B) All monopolists earn short-run economic profits.
C) A monopolist will leave the market if it incurs an economic loss in the long run.
D) A monopolist does not need barriers to entry to sustain a long-run economic profit.