Which of the following is LEAST likely to be a monopoly?
A) the holder of a public franchise
B) a pharmaceutical company with a patent on a drug
C) a store in a large shopping mall
D) an artist who owns a copyright for a painting
C
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According to the early Keynesians,
a. the money demand function was unstable; the interest elasticity of money demand was extremely high; and, as a consequence, changes in the quantity of money did not have important predictable effects on the level of economic activity. b. the money demand function was stable; the interest elasticity of money demand was low; and, as a consequence, changes in the quantity of money did not have important predictable effects on the level of economic activity. c. the money demand function was unstable; the interest elasticity of money demand was low; and, therefore, changes in the quantity of money did not have important effects on the level of economic activity. d. the money demand function was stable; the interest elasticity of money demand was high; and, therefore, changes in the quantity of money did have important effects on the level of economic activity.
The industry indicated by the graphs below would be a(n):
A. Increasing-cost industry
B. Decreasing-cost industry
C. Constant-cost industry
D. Monopoly industry