Under a fixed exchange rate regime, the central bank must act to keep

A firm that has taken advantage of economies of scale and expanded to become the only producer in the market is

A) a cartel. B) a natural monopoly. C) a monopolistic competitor. D) an oligopolist.

Tax incidence is:

A. the difference between what the buyers pay and what the sellers receive in a market where taxes are present. B. the relative tax burden borne by buyers and sellers. C. the generated revenue that comes from taxes in markets. D. the difference between the tax revenue generated and the value of deadweight loss caused by the imposition of the tax.