If a monopolist raises its price
A) it raises the barriers to entry.
B) the quantity demanded increases.
C) the quantity demanded remains the same.
D) the quantity demanded decreases.
Answer: D
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It is common to see convenience stores open 24 hours a day even though many times late at night or in the early hours of the morning there are very few customers. What can explain this seemingly odd behavior?
What will be an ideal response?
The provision of public goods gives rise to
a. positive externalities, as does the use of common resources. b. positive externalities, whereas the use of common resources gives rise to negative externalities. c. negative externalities, whereas the use of common resources gives rise to positive externalities. d. negative externalities, as does the use of common resources.