Which one of the following about a monopoly is false?
A) A monopoly status could be temporary.
B) A monopoly could make profits in the long run.
C) A monopoly could break even in the long run.
D) A monopoly must have some kind of government privilege or government imposed barrier to maintain its monopoly.
D
Economics
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When inflation comes from the supply side, inflation and unemployment are positively correlated. Does this mean that monetary and fiscal policymakers can escape the trade-off between inflation and unemployment?
What will be an ideal response?
Economics
Costs that spill over to third parties are called
A. opportunity costs. B. external costs. C. public costs. D. variable costs.
Economics