Each of the following is a source of monopoly except:
a. Patents.
b. Large economies of scale.
c. Small fixed costs.
d. Government franchise.
C
Economics
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An economic boom in the United States would cause the aggregate demand curve in other countries to shift outward.
Answer the following statement true (T) or false (F)
Economics
The short-run Phillips curve is ________, while the long-run Phillips curve is vertical at the ________.
A. upward sloping; minimum wage B. downward sloping; real wage C. upward sloping; average nominal wage rate D. downward sloping; natural rate of unemployment E. horizontal; origin
Economics