Microeconomics focuses on:
a. economic growth

The demand curve shown in the figure above is ________ over the price range from $95 to $105 per tri

A) perfectly elastic B) perfectly inelastic C) unit elastic D) elastic but not perfectly elastic E) inelastic but not perfectly inelastic

For a firm to become a monopoly in an industry

A) barriers to entry must exist. B) the firm must charge higher prices than its competitors. C) the firm must produce a product with the best quality. D) the firm will engage in unfair practices to drive all competitors out of the market.