Perhaps it's not a problem at all, but if "too much choice" is a problem for consumers, it would occur in which market structure(s)?
a. perfect competition
b. monopoly
c. monopolistic competition
d. perfect competition and monopoly
e. not enough information
C
Economics
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Which of the following is true for a monopolist?
a. The firm has a perfectly elastic demand curve. b. The firm has a perfectly inelastic demand curve. c. The straight-line demand curve is above the marginal revenue curve. d. The marginal revenue curve is above the demand curve. e. All of these.
Economics
The national debt
a. will be zero when the federal budget is balanced. b. has been shrinking in the last 30 years. c. is equal to the government's budget deficit. d. can grow without negative economic effects. e. is a flow measure while the deficit is a stock measure.
Economics