Explain why consumers benefit from a merger between a monopoly producer and its monopoly supplier of labor
What will be an ideal response?
A monopoly supplier of labor sells labor at an inflated wage. If the output monopoly purchases the monopoly source of labor, it will internally price labor at the competitive wage.
Economics
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Which of the following shifts the demand for money curve?
i. change in the nominal interest rate ii. change in real GDP iii. change in the price level A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
Economics
If tastes for a good increased and the price of a substitute good increased at the same time, as a result: a. prices would rise
b. prices would fall. c. larger quantities to be exchanged. d. Both a. and c. would occur.
Economics