A famous novelist holds the copyright to her literary works. She creates a monopoly by:
a. limiting the number of books she writes
b. cutting down per unit production cost.
c. restricting other authors from plagiarizing her work.
d. restricting the demand for her books.
c
Economics
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An indifference curve:
A) may be either upsloping or downsloping, depending on whether the two products are complements or substitutes. B) is downsloping and convex to the origin. C) is upsloping and has a constant slope. D) is downsloping and concave to the origin.
Economics
The value of marginal product equals ________ multiplied by ________
A) the good's market price; marginal cost B) the good's market price; marginal product C) marginal cost; marginal product D) marginal revenue; total product
Economics