Which of the following factor payment matches is not correct?

a. goods–payments for goods
b. capital–interest
c. labor–wage
d. entrepreneurship–profit
e. land–rent

A

Economics

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If the market was a monopoly, the quantity would be ________ and the price would be ________; if the market tis perfectly competitive, the quantity would be ________ and the price would be ________

A) Q1; P1; Q2; P2 B) Q2; P1; Q1; P2 C) Q1; P1; Q2; P1 D) Q1; P2; Q2; P1 E) Q1; P2; Q1; P1

Economics

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.

Economics