« previous next »

Author Question: Which of the following is a characteristic of a single-price monopoly? A) The firm is a price ... (Read 35 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
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

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The average adult has about 21 square feet of skin.

Single atoms form the nodes of an elementary quantum network Single atoms form the nodes of an elementary quantum network
Single bull elk are vulnerable to predation by wolves. Single bull elk are vulnerable to predation by wolves.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Poor single parents and their children Poor single parents and their children
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Summary of DNA synthesis at a single replication fork Summary of DNA synthesis at a single replication fork
Video: Introduction to Autism

For a complete list of videos, visit our video library