The fundamental source of monopoly power is
a. many buyers and sellers.
b. low fixed costs.
c. rising average total costs.
d. barriers to entry.
d
Economics
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If disposable income = $200 billion and the APS = 0.9, then
A) saving = $90 billion. B) saving = $45 billion. C) saving = $180 billion. D) saving cannot be determined.
Economics
Other things the same, if the price level rises by 2% and people were expecting it to rise by 5%, then some firms have
a. higher than desired prices, which increases their sales. b. higher than desired prices, which depresses their sales. c. lower than desired prices, which increases their sales. d. lower than desired prices, which depresses their sales.
Economics