Author Question: A monopoly firm can sell as much output as it wants at whatever price it sets. a. True b. False ... (Read 93 times)

plus1 · **on:** Jun 30, 2018

A monopoly firm can sell as much output as it wants at whatever price it sets.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The product life cycle theory of comparative advantage predicts that a new product will first be produced and exported by:
a. the nation that was first to demand the new product.
b. the first firm to successfully copy the technology.
c. the nation in which it was invented.
d. the countries with the most stable economy and fewest restrictions on foreign trade.
e. the company with the most extensive network of international distributors for the product.