If the market interest rate is 5% and a bank advertises loans at 12%, the bank will receive

To maximize its profit, a monopoly should choose a price where demand is:

a. elastic. b. inelastic. c. unitary elastic. d. vertical.

A packaged fruit juice manufacturer contracts with several farmers to buy their orchards to support a new production facility. However, a particular orchard owner later refuses to sell his farm at the price in their contract. In such a case the court will order a liquidated damage

Indicate whether the statement is true or false