In 2013, the top 10% of wealth holders owned ________ of the nation's wealth.
A. 25.5%
B. 54.5%
C. 75.3%
D. 92.9%
Answer: C
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Monopoly is unlike perfect competition in that ______.
a. a monopolist's price is greater than marginal cost b. there are no barriers to entry into a monopoly industry c. a monopolist earns an economic profit only if its price is greater than ATC d. all of the preceding are ways in which monopoly is unlike perfect competition e. a monopolist's price is greater than marginal cost and there are no barriers to entry into a monopoly industry, but not a monopolist earns an economic profit only if its price is greater than ATC, are ways in which monopoly is unlike perfect competition
The cross-price demand for capital (relative to the wage) may slope up or down.
Answer the following statement true (T) or false (F)