The fundamental cause of monopoly is
a. incompetent management in competitive firms.
b. the zero-profit feature of long-run equilibrium in competitive markets.
c. advertising.
d. barriers to entry.
d
Economics
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Monetary policy is limited in that:
A. it can only affect inflation in the long run. B. it can only affect real growth in the short run. C. it can only affect real growth in the long run. D. it can only affect inflation in the short run.
Economics
When the real interest rate rises in the anchor country, ________
A) expansionary monetary policy will be used to maintain the interest rate peg B) an economic stimulus is transmitted to pegged economies C) there will be downward pressure on the value of pegged currencies D) the anchor currency becomes vulnerable to a speculative attack
Economics