A manufacturer of digital music players uses a proprietary file format that is not used by the other firms in the market
This action by the firm may be an example of using a ________ to reduce the number of firms in the market and to maintain a relatively inelastic demand for its products. A) natural monopoly
B) positive externality
C) subsidy
D) barrier to entry
D
Economics
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If there is surplus of a good, then the quantity demanded ________ the quantity supplied and the price will ________
A) is less than; rise B) is less than; fall C) is greater than; rise D) is greater than; fall
Economics
Census data clearly shows the United States economy is becoming increasingly more oligopolistic
Indicate whether the statement is true or false
Economics