As other firms enter a monopoly's market, the monopoly's market power
A) is unaffected.
B) declines.
C) increases.
D) increases according to the Lerner Index but decreases according to the price/marginal cost ratio.
Question 2
A small business owner earns 60,000 in revenue annually. The explicit annual costs equal 10,000. The owner could work for someone else and earn 25,000 annually. The owner's accounting profit is ________ and owner's economic profit is ________.
A) 20,000; 5,000
B) 50,000; 25,000
C) 25,000; -5,000
D) 45,000; -5,000
Power from the Sun
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Roger Shimomura, Enter the Rice Cooker.
This is what was found when removing an air filter from a vehicle that had a lack-of-power concern. ...
The benefits of wind power
Stock Market Question