Monopolies exist due to
A) patents.
B) government franchises.
C) cost factors.
D) all of these choices contribute to the power of a monopoly.
D
Economics
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In the Taylor rule, does the target for the federal funds rate respond differently for a recession caused by a decrease in aggregate demand and for a recession caused by a decrease in short-run aggregate supply? Explain whether there is or is not a
difference in how the target for the federal funds rate changes.
Economics
An example of a quantity restriction is
A) the minimum wage. B) an import quota. C) rent controls. D) price supports in agriculture.
Economics