A monopoly always operates in the inelastic portion of its demand curve
Indicate whether the statement is true or false
False. A monopoly never operates in the inelastic portion of its demand curve. Marginal revenue is negative in this region.
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Although it does not have the legitimacy of judgments by the ICJ, another effective method of judging violations of international law, particularly for powerful states, is
a. evaluation by the UN Security Council. b. analysis by the U.S.-backed International Law Commission. c. unilateral determination of violations by states themselves. d. review by the European Union Parliament
Gross Domestic Product is the market value of all ________ produced within a country in a given period of time
A) final goods B) intermediate goods C) final services D) intermediate services E) final goods and services