A firm has market power if it can

a. maximize profits.
b. minimize costs.
c. influence the market price of the good it sells.
d. hire as many workers as it needs at the prevailing wage rate.

c

Economics

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Consumption expenditure exceeds disposable income

A) when there is dissaving. B) when there is positive saving. C) always. D) never. E) only when the economy is in equilibrium.

Economics

Over the twentieth century, growth in per-capita GNP was highest

A) immediately prior to the Great Depression. B) during World War II. C) during the 1960s. D) during the 1980s.

Economics