The good produced by a monopoly
A) has perfect substitutes.
B) has no substitutes at all.
C) has no close substitutes.
D) can be easily duplicated.
E) must be unable to be resold.
C
Economics
You might also like to view...
The country with the lowest degree of central bank independence in the period 1973-88 was ________
A) Germany B) Japan C) The United States D) Spain
Economics
In a graph of a firm's short-run total costs and total revenue, the total cost and the total revenue curves, respectively, will intersect the vertical axis
A) above the origin, above the origin. B) above the origin, at the origin. C) at the origin, at the origin. D) below the origin, below the origin.
Economics