Monopolies in successive markets result in
A) a double markup for consumers.
B) more output than if the input market is competitive.
C) a lower output price than if the input market is competitive.
D) All of the above.
A
Economics
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The figure above shows the market for brooms. Which of the following could lead to the production of fewer than 600 brooms?
A) a monopoly B) a deadweight loss C) subsidies D) an external cost E) a big tradeoff
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Everything else held constant, a weaker dollar will likely hurt
A) textile exporters in South Carolina. B) wheat farmers in Montana that sell domestically. C) automobile manufacturers in Michigan that use domestically produced inputs. D) furniture importers in California.
Economics