A firm can be the sole supplier of a good and is still not a monopolist if
A) the firm is not large.
B) the good produced is not important to the economy.
C) the firm is not making excessive profits.
D) there are very close substitutes for the good.
D
Economics
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You own $10,000 in personal property, $2,000 in Company X stocks, $1,000 in U.S. Savings Bonds and have $500 in your checking account. If Company X goes bankrupt, the most you could lose is
A) $13,500. B) $11,500. C) $2,000. D) $500.
Economics
If variable cost at each output level doubles,
a. ATC doubles b. AFC doubles c. MC remains unchanged d. MC doubles e. MC less than doubles
Economics