How do the price and quantity of a monopoly compare to that of a perfectly competitive industry?
What will be an ideal response?
A monopolist sells a smaller quantity and charges a price greater than the perfectly competitive price.
Economics
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As interest rates fall,
A) the values of bonds rise. B) the values of bonds fall. C) the values of bonds are unchanged. D) the value of perpetuities are unchanged, but the value of other bonds change in value. E) the value of all bonds except perpetuities change.
Economics
Suppose that nuclear power plants are banned. What are examples of the opportunity costs of this decision?
What will be an ideal response?
Economics