What are the conditions that define a monopoly?
What will be an ideal response?
There is only one firm producing a good or service with no close substitutes for the good or service sold and there are barriers to entry that prevent competing firms from entering the market.
Economics
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Which of the following usually has the highest yield at a given point in time?
A) Corporate bonds B) Municipal bonds C) Commercial paper D) U.S. Treasury bonds
Economics
Assuming price elasticity of demand is reported as an absolute value, an inelastic demand has a measured elasticity:
A. greater than zero. B. greater than one. C. less than one. D. exactly one.
Economics