A monopolist is
a. one of a large number of small firms that produce a homogeneous good
b. one of a small number of large firms that produce a differentiated good
c. a single seller of a product with many close substitutes
d. one of a small number of large firms that produce a homogeneous good
e. a single seller of a product with no close substitutes
E
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Which of the following variables is capable of continually increasing aggregate demand with no offsetting influence on any of the components of total spending?
A) the inflation rate B) the interest rate C) government spending D) the money supply E) the wage rate
Positive externalities of technological change result from:
A. the common knowledge embodied in many technologies. B. patents. C. increasing returns to scale. D. capital accumulation.