The market price of a factor of production that is in fixed supply is determined only by demand
Indicate whether the statement is true or false
TRUE
Economics
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How are pollution and GDP related?
A. only the harm from pollution is included in GDP B. the value of produced goods that lead to pollution are counted in GDP and pollution is not counted C. goods whose production creates pollution are not counted in GDP
Economics
Which of the following is a characteristic of a monopoly market?
A) many firms B) one firm C) easy entry D) Firm is a price taker.
Economics