Joe Santos owns the only pizza parlor in a small town that is also home to a McDonald's, a Taco Bell, and a Kentucky Fried Chicken. Using a broad definition of a monopoly, Joe has a monopoly

Your textbook authors argue that, other things constant, entrepreneurs respond to a fall in interest rates by

A) paying less attention to long term profitability. B) engaging in irrational business behavior. C) investing in capital goods. D) making all of the above choices.

Suppose the price of HD televisions decreases. As a result, the

A. MP of the workers making HD televisions will increase. B. MFC of the workers making HD televisions will increase. C. MRP of the workers making HD televisions will increase. D. MRP of the workers making HD televisions will decrease.