The firm in the above figure has excess capacity of ________ meals per day

Barriers to entry enable many monopolists to

A) charge as high a price as they want. B) make people buy more of a good than they really want. C) earn economic profits in the long run. D) manipulate the government into providing special favors for themselves.

When households and businesses interact in product markets goods and services are

a. not exchanged b. flowing toward businesses c. flowing toward households d. not used at all e. flowing to both businesses and households