Which of the following is NOT true about the demand curve faced by a monopolist?
A) The demand curve is downward sloping.
B) The firm's demand curve is the same as the market demand curve.
C) The marginal revenue curve is below the market demand curve.
D) The demand curve is perfectly elastic.
D
Economics
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What is a major reason international trade is restricted?
A) rent seeking B) to allow competition with cheap foreign labor C) to save jobs D) to prevent dumping E) to eliminate monopolies
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The trade philosophy of the Clinton administration is best characterized as
a. protectionist. b. mercantilist. c. free trade. d. strategic trade.
Economics