In a bilateral monopoly, equilibrium price will
A) favor the seller.
B) favor the buyer.
C) approximate the competitive equilibrium price.
D) not be determined by a simple rule.
D
Economics
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If potential output equals $8 billion and actual output equals $10 billion, then this economy's output gap should be expressed as:
A. 20 percent. B. 25 percent. C. ?25 percent. D. $2 billion.
Economics
Which of the following factors are highly related to the pace of economic? development?
What will be an ideal response?
Economics