A monopoly whose monopoly power is based on its exclusive access to a resource is always threatened by the possibility of

a. technological change
b. patents
c. economies of scale in production
d. new firms entering the industry
e. its position as a natural monopoly

A

Economics

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Economic growth is measured by the annual percentage increase in a nation's level of:

a. nominal GDP. b. real GDP. c. real GDP deflator. d. economic indicators.

Economics

Refer to the diagrams. The case of complementary goods is represented by figure:



A. A.
B. B.
C. C.
D. D.

Economics