Which of the following is a TRUE statement about a monopoly?
A) A monopoly does not necessarily earn positive economic profits.
B) A monopoly must earn an above-normal profit to stay in business.
C) As long as there are barriers to entry, a monopoly can always find some price-output combination that generates positive economic profits.
D) As long as the demand curve slopes down, a monopoly can always find some price-output combination that generates positive economic profits.
Answer: A
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Today, ________ of shoes sold in the United States are made overseas?
A) almost 75 percent B) 99 percent C) just over half D) about 25 percent
The product of the stock price and the total outstanding shares of that stock is referred to as:
a. market capitalization. b. floating capital. c. book value. d. financial value. e. face value.