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Author Question: Which of the following is a characteristic of a single-price monopoly? A) The firm is a price ... (Read 80 times)

piesebel

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on: Jun 29, 2018
Which of the following is a characteristic of a single-price monopoly?
 
  A) The firm is a price taker.
  B) Demand is perfectly elastic.
  C) There are many close substitutes for the firm's product.
  D) The market price exceeds marginal revenue.

Question 2

In the above figure, suppose the economy is initially at point a. If the nominal interest rate increases, there is a movement to point such as
 
  A) b.
  B) c.
  C) d.
  D) e.


katara

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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