If an industry is monopolized by one firm, the four-firm concentration ratio equals

Other things the same, in the Solow model in the steady state, a higher rate of population growth ________ growth rate of output

A) leads to a higher B) leads to a lower C) has no long-run effect on the D) has an ambiguous effect on the

Consumers may benefit more than sellers from a subsidy to sellers if:

A. Consumers can never benefit more than sellers from a subsidy to sellers. B. the demand curve is relatively less elastic than the supply curve. C. they deserve the subsidy more. D. the demand curve is relatively more elastic than the supply curve.