By functioning as a unit of account, money provides a common measurement of the relative value of goods and services

Auditors working for a large accounting firm are often away from the office. When they are in the office, they are allowed to use any desk that is available. Which method is used to allocate desks?

A) lottery B) first-come, first-served C) command D) contest E) sharing equally

Which of the following is true of monopoly?

a. There are no barriers to entry. b. The firm is a price taker. c. There are no close substitutes for the product being produced. d. There are many firms in the industry. e. The firm faces a horizontal demand curve.