Unlike firms in perfect competition, monopolists have control over
a. the costs of production
b. what technology to use
c. what price to charge
d. how much to produce
e. the choice of plant size
C
Economics
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Without drawing a graph explain what probably happened to the production possibility frontier during the Black Plague
What will be an ideal response?
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If an event is likely to occur, which probability is a reasonable estimate?
A) 0.32 B) 0.79 C) 1 D) Not enough information to determine.
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