A monopoly firm
A. has a short-run supply curve that slopes upward.
B. is a price taker.
C. does not have a supply curve.
D. is at the mercy of the market-determined price.
Answer: C
Economics
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There are different interest rates associated with many types of securities. Which of the following statements is correct?
A) they vary depending on the liquidity of the security B) they vary depending on the risk associated with the security C) except in very unusual times, most interest rates move together D) all of the above E) none of the above
Economics
When interest rates fall, people are
a. More likely to borrow b. Less likely to borrow c. Not likely to change borrowing patterns d. None of the above
Economics