« previous next »

Author Question: Which of the following is a characteristic of a single-price monopoly? A) The firm is a price ... (Read 81 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?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Arrangement of the sarcoplasmic reticulum, transverse tubules, and myofibrils in a single skeletal m Arrangement of the sarcoplasmic reticulum, transverse tubules, and myofibrils in a single skeletal m
Single-gene inheritance tracked at the DNA level Single-gene inheritance tracked at the DNA level
Hartmann's mountain zebra resting, showing its characteristic essentially unbarred belly Hartmann's mountain zebra resting, showing its characteristic essentially unbarred belly
Testcross of a single character Testcross of a single character
Summary of Single Variable Discrete Models Summary of Single Variable Discrete Models
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library