Someone in Germany has just ordered a U.S. car to be exported to Germany. In the U.S. balance of payments, this purchase is a(n)

A monopoly always operates on the elastic portion of its demand curve

Indicate whether the statement is true or false

The ability of a firm to raise the price without losing all its sales to rivals is called

a. market power b. social regulation c. economic regulation d. antitrust policy e. natural monopoly