Which of the following need not be true of a monopoly?
a. The firm must be the only producer of the product
b. The product must have no close substitutes.
c. There must be high barriers to entry.
d. The firm must earn an economic profit in the short run.
d
Economics
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Explain what effect a reduction in the unemployment rate will have on the real wage based on: (1 ) the WS relation; and (2 ) the PS relation
What will be an ideal response?
Economics
The three major components of a bond are the bond price, maturity date, and coupon rate.
Answer the following statement true (T) or false (F)
Economics