Which of the following is a characteristic of a monopoly firm?
A) horizontal individual demand curve
B) barriers to entry
C) easy entry and exit
D) many buyers and sellers
B
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Investment includes spending on
A) capital goods, buildings, and changes in business savings. B) capital goods, buildings, and changes in business inventories. C) capital goods, buildings, and consumer durable goods. D) capital goods, consumer durable goods, and changes in business inventories.
Refer to Table 14-7. Which of the following statements is true?
A) Perfect's dominant strategy is to offer same-day delivery; Florabunda's dominant strategy is to not offer same-day delivery. B) Florabunda's dominant strategy is to offer same-day delivery; Perfect's dominant strategy is to not offer same-day delivery. C) The dominant strategy for both firms is to offer same-day delivery. D) Neither Perfect nor Florabunda have a dominant strategy.