When firms have market power, it means that they:
A. can noticeably affect the market price.
B. do not affect the market quantity offered for sale.
C. can earn as much profit as they want.
D. are a price taker.
Answer: A
Economics
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When Tom's income increases, his demand curve for Mountain Dew shifts rightward because the higher income increases his marginal utility of Mountain Dew
Indicate whether the statement is true or false
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