For a monopolist, ______.
a. its demand curve is downward sloping
b. its marginal revenue is less than price
c. existing economic profits can be sustained over time
d. all of these
Ans: d. all of these
Economics
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The total amount of money the government owes to its creditors is known as ________
Fill in the blank(s) with correct word
Economics
Supply curves that are horizontal are called perfectly elastic and have an infinite elasticity, whereas supply curves that are vertical are called perfectly inelastic and have a zero elasticity
a. True b. False Indicate whether the statement is true or false
Economics