All monopolies exist because of
a. firms' desire to maximize profits.
b. failure of antitrust laws.
c. barriers to entry.
d. natural selection.
c
Economics
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If banks do not loan out all their excess reserves, then the real world multiplier is
A) not related to 1/RR. B) larger than 1/RR. C) smaller than 1/RR. D) equal to 1/RR.
Economics
For which of the following is the law of one price least likely to hold?
A) Haircuts B) Gold C) US Treasury Bonds D) Petroleum
Economics