All these are characteristics of a monopoly except,
a. There is one seller of the product
b. Has few substitutes
c. Controls a large share of the market
d. Controls a small share of the market
d
Economics
You might also like to view...
When RBC economists compare the correlations in their models to the data, what are they looking at?
A) The degree to which variables lead output over the business cycle B) The strength of procyclicality of different variables C) The amount of random variation in economic variables D) The degree to which different economic variables move together
Economics
With a nominal interest rate of 5%, the present discounted value of $100 to be received in two year is
A) $90.00. B) $90.70. C) $95.23. D) $110.00.
Economics