In factor markets,
a. individual consumers are the demanders
b. equilibrium cannot be defined
c. there is an excess supply
d. firms are the demanders
e. labor and capital are viewed by firms as perfect substitutes
D
Economics
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The demand curve facing a monopolist is
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.
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The difference in price between hardback books and paperbacks is primarily explained by differences in production costs.
Answer the following statement true (T) or false (F)
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