A firm is said to have market power if it charges a price ________ of production

Property rights and territorial hunting rights:

a. had little bearing on the depletion of the beaver in 1700s. b. were lacking and thereby crucial to depletion of the beaver in the 1700s. c. could have provided incentives against overharvest of the beaver in the 1700s d. Both b and c are correct. e. None of the above are correct.

The concept that increases in spending cause larger increases in equilibrium GDP is known as the

a. profiler. b. mystifier. c. multiplier. d. depreciator.