If the government grants a firm a public franchise to supply coal, a monopoly is created by
A) a natural barrier to entry.
B) a legal barrier to entry.
C) price discrimination.
D) All of the above answers are correct.
B
Economics
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To examine how total production in an economy has changed over time, it would be better to examine
A) nominal GDP. B) real GDP. C) GDP at current prices. D) All of the above would give equal measures of production changes over time.
Economics
The above figures show the market for HD televisions. If the price of the LCD screens used to produce these televisions falls, which figure shows the effect of this change in price?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change.
Economics