Which of the following statements explains why monopolies weaken the functioning of the invisible hand?
A) A monopoly is a price taker.
B) The quantity produced by a monopoly is too low.
C) Monopolies face an upward sloping demand curve.
D) A monopoly sets the price of its good below marginal costs.
B
Economics
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The behavior of exchange rates during the period 1999-2004 ___ predictable based on the short run asset model if we assume that changes in the money supply were assumed to be ____
a. was not; temporary b. was; temporary c. was not; permanent d. was; permanent
Economics
In a capitalabundant country, free trade will cause a(n) __________ in the rental of capital and a(n) ____________ in the marginal product of capital.
a. increase; increase b. increase; decrease c. decrease; decrease d. decrease; increase
Economics