Which of the following does a monopoly control, that a perfectly competitive firm does not control?
a. how much to produce
b. technology
c. what price to charge
d. what inputs to use
e. plant size
C
Economics
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An advantage of Microsoft Windows is its compatibility with the widest range of hardware and software
The dominance of Windows is self-reinforcing: hardware and software manufacturers ensure that their products are compatible with Windows in order to have access to the large number of Windows users. Which principle best describes this scenario? A) network externalities B) economies of scale C) endorsement effects D) endowment effects
Economics
Seemingly positive disagreements often have normative origins
a. True b. False
Economics