This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following need not be true of a monopoly? a. The firm must be the only producer of the ... (Read 14 times)

mpobi80

  • Hero Member
  • *****
  • Posts: 519
on: Jun 30, 2018
Which of the following need not be true of a monopoly?
 a. The firm must be the only producer of the product.
 b. The product must have no close substitutes.
 c. There must be high barriers to entry.
 d. The firm must earn an economic profit in the short run.

Question 2

Many economists believe that the collapse of world trade and the depression in the 1930s were linked by a decrease in real income caused by producing on the basis of comparative advantage.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

izzat

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


mpobi80

  • Member
  • Posts: 519
Reply 2 on: Jun 30, 2018
:D TYSM

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

A true albino squirrel. Note the pink eyes. A true albino squirrel. Note the pink eyes.
Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Which is TRUE about the alternation of generations cycle that is diagramed above? Which is TRUE about the alternation of generations cycle that is diagramed above?
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library