A typical supply curve has
a. slope equal to zero.
b. slope equal to infinity.
c. negative slope.
d. positive slope.
e. constant slope.
d
Economics
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About how many people lack access to basic sanitation?
a. 20 million b. 200 million c. 500 million d. 1 billion e. 2 billion
Economics
Assume a firm is a monopoly and enjoys $10 million in profits per year. The firm lobbies to have a moratorium passed by Congress on new firms in its market for the next 25 years
If there is no discount rate, how much would the firm be willing to pay to deter entry? A) $250 million B) $25 million C) $100 million D) $250 billion
Economics