Which of the following statements about monopoly is false?
A) A single firm serves the market.
B) There are no close substitutes for the monopolist's output.
C) There are usually significant barriers to entry.
D) Because there is a single firm serving the entire market, the monopolist can charge whatever price it wants to for its output.
D
Economics
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Data for the United States traced out an almost perfect Phillips curve for much of the
a. 1960s. b. 1970s. c. 1980s. d. 1990s.
Economics
Decreased investment spending in the economy would be a possible result of:
A. a decrease in interest rates. B. an open market purchase of bonds by the Fed. C. an open market sale of bonds by the Fed. D. an increase in the money supply.
Economics