Which of the following is most necessary for a monopolist to survive in the long run?
A) a legal protection from entry
B) a perfect product
C) a brilliant Chief Operating Officer
D) an excellent marketing campaign
A
Economics
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An increase in investment causes the price level to ________ in the short run and ________ in the long run
A) decrease; increase B) increase; increase further C) increase; decrease D) decrease; decrease further
Economics
Which of the following will shift the aggregate demand curve to the right?
A. Consumers become more optimistic about the future. B. Income taxes are raised. C. The government reduces purchases to balance the budget. D. Foreign economies fall into recession, reducing their demand for domestic exports.
Economics