Natural monopolies are ________ and ________
A) rival; excludable
B) nonrival; excludable
C) rival; nonexcludable
D) nonrival; nonexcludable
B
Economics
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As part of the "exchange rate effect of monetary policy," a lower money supply causes a __________ interest rate and thus __________ of the domestic currency
A) higher; appreciation B) higher; depreciation C) lower; appreciation D) lower; depreciation
Economics
When using game theory to analyze oligopoly, firms will always have a dominant strategy
a. True b. False
Economics