A monopoly produces a product ________ and there ________ barriers to entry into the market
A) identical to its many competitors; are
B) with no close substitutes; are
C) identical to its many competitors; are no
D) with no close substitutes; are no
E) slightly different from those of its many competitors; are
B
Economics
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WTO is the acronym for:
a. the World Traffic Organization. b. the World Trade Organization. c. the World Tariff Organization. d. the World Tax Organization.
Economics
The private market:
a. tends to overproduce public goods because they are nonrivlarous b. can produce public goods more efficiently than the government can c. earns excessive profit on public goods
Economics