A firm that is the only seller of a good with no close substitutes is a(n)
A) perfect competitor.
B) monopolistic competitor.
C) oligopolist.
D) monopolist.
D
Economics
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Which one of the following goods can be considered a global commons?
a. A National Park b. A river c. An ocean d. A herd of deer e. A diamond mine
Economics
Which of the following statements is true?
A) Firms are the demanders in the market for labor as well as the market for consumer goods. B) Firms are the suppliers in the market for labor as well as the market for consumer goods. C) Firms are the demanders in the market for labor, whereas they are the suppliers in the market for consumer goods. D) Firms are the suppliers in the market for labor, whereas they are the demanders in the market for consumer goods.
Economics