Which statement explains why monopolists are not productively efficient?
a. Monopolists do not produce at the minimum of the average cost curve.
b. Monopolists produce at the quantity where P = MC.
c. Monopolists spend too much on developing innovative products.
d. Monopolists produce too many goods at a lower average cost.
a. Monopolists do not produce at the minimum of the average cost curve.
Economics
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One of the portfolio choices people must make is whether to deposit idle funds in a bank or purchase government bonds.
a. true b. false
Economics
Which of the following will be included in the calculation of gross domestic product using the expenditure method?
A) Wages paid to labor by firms B) Interest paid by households for loans C) Services purchased by the government D) Dividends paid by firms to shareholders
Economics