Monopoly firms have a downward sloping curve in the short-run because
a. They have no close substitutes
b. There are no barriers to entry
c. They have no cost advantage over their rivals
d. None of the above
a
Economics
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The U.S. central bank is the government institution that:
A) monitors financial institutions, controls the money supply, and invests in foreign assets. B) monitors financial institutions, controls the money supply, and sets certain key interest rates. C) monitors financial institutions, controls the money supply, sets certain key interest rates, and decides on political targets. D) controls the money supply and invests in foreign assets.
Economics
A negative demand shock would lead to a decline in both the price level and output in the short run
a. True b. False
Economics