A change in the interest rate will generally affect the
A) level of investment.
B) level of consumption.
C) the amount of money people want to hold.
D) All of these.
D
Economics
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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.
Economics
Why can’t an individual firm raise its price by reducing output or lower its price to increase sales volume in a purely competitive market?
What will be an ideal response?
Economics