The loanable funds market brings together savers and borrowers to determine the

If the quantity of a product demanded is greater than the quantity of a product supplied, there is pressure in the market to push the price downward

Indicate whether the statement is true or false

A natural monopoly, such as the local telephone company, is characterized by

a. a lack of natural competitors b. low fixed costs and diseconomies of scale c. economies of scale d. a lack of government regulation e. constant costs of production