A monopoly market is characterized by a single seller of a product which has few, if any, suitable substitutes
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Historians generally agree that the railroads
(a) were absolutely essential for industrial growth in the 19th century. (b) were an indispensable "leading sector." (c) were our first "giant" enterprises. (d) provided a "social saving" of 90% or more.
Economics
The field of political economy applies the methods of
a. psychology to study how the economy works. b. political science to study how the economy works c. economics to study how government works. d. psychology to study how government works.
Economics