Suppose all producers in a given industry charge exactly the same price for their product. Uniform prices across an industry proves
A) industry competetitiveness.
B) industry monopolization.
C) producers cannot be earning monopoly profits.
D) absolutely nothing about whether the industry is adequately competitive.
D
Economics
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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
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When economists refer to a firm's capital, they are describing the
a. markets for final goods and services. b. stock of equipment and buildings used in production. c. amount of bank financing used by the firm. d. amount of financing provided by the equity markets.
Economics