If a perfectly competitive industry is taken over by a monopolist, the market price will rise
a. due to improvements in technology
b. assuming that technology is unchanged
c. and output will rise
d. unless barriers to entry are imposed
e. until they equal marginal revenue
B
Economics
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In a country with 200 million people aged 16 years and older, 120 million are in the labor force, and 114 million are employed, what is the participation rate?
A. 40 percent B. 95 percent C. 57 percent D. 60 percent
Economics