In the above figure, what price will a single-price monopoly set?

A) P1
B) P2
C) P4
D) P5

D

Economics

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The value of a country's imports cannot exceed the value of its exports

a. True b. False

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Adopting a uniform menu across all sites provides the McDonald's Corporation __________ by spreading the cost of menu development over a large output

a. economies of scale b. diminishing returns c. constant returns to scale d. rising marginal product e. more flexibility

Economics