__________ rights refer to the range of laws, rules, and regulations that define rights for the use and transfer of resources
A) Individual
B) Constitutional
C) Property
D) Economic
E) none of the above
C
Economics
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Define what is meant to be risk-averse
What will be an ideal response?
Economics
If the monopolist's price happens to be greater than the average-variable cost but less than the average total cost, in the short run the monopolist will:
a. be forced to shut down to minimize the cost. b. operate at a loss. c. operate at an economic profit. d. operate at a normal profit. e. go out of business.
Economics