Which of the following is an example of a monopoly?
A.) One large firm supplies the entire product to the market
B.) One firm supplies 60 percent of the product to the market and there are two other rival firms
C.) Many firms supply the same product essentially, but each has significant brand loyalty
D.) A few large firms supply the entire product to the market
A.) One large firm supplies the entire product to the market
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If the federal government tries to make fiscal policy sustainable by decreasing expenditure on government capital goods, private capital goods will become ________ productive, and this will result in ________ potential GDP
A) more; lower B) more; higher C) less; lower D) less; higher
Most advances in health care are due to ______.
a. better training b. increased personnel c. technological innovations d. more individualized care