One characteristic of a monopoly market is that the product is virtually identical to products produced by competing firms

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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A fundamental principle in demand analysis is that a change in price leads to

A) a movement along the demand curve. B) a rightward shift of the demand curve. C) a leftward shift of the demand curve. D) a complementary movement on the supply curve.

Economics

Matilda just graduated from college. In order to devote all her efforts to college, she didn't hold a job. She is going to tour around the country on her motorcycle for a month before she starts looking for work. Other things the same, the unemployment rate

a. increases, and the labor-force participation rate decreases. b. and the labor-force participation rate both increase. c. increases, and the labor-force participation rate is unaffected. d. and the labor-force participation rate are both unaffected.

Economics